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On 11 January 2022, the UK Financial Conduct Authority (FCA) announced that it will launch an investigation into wholesale data markets in the summer fo 2021, after it received information on high market entry barriers. These barriers stem from complex contracts regarding benchmarks and indices that are used to evaluate performance, efficiency, and asset prices, reducing innovation and efficiency between providers. Another investigation will be launched by the end of the year, where the FCA will look into how efficient the high prices for credit rating access actually are or whether they just limit entry to new actors in the market.
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