Bloomberg Renewal 2025
- FCA
Procurement identifier (OCID): ocds-h6vhtk-04fd4e
Description
They FCA required daily access to market data. Some of the risks in this requirement is not in place: It would limit the FCA's ability to bring successful criminal and regulatory action.
FCA may not effectively review alerts from our surveillance system, with a risk to our commitment to clean markets. The FCA could not monitor for orderly markets. The data and insight that Bloomberg can provide is key for departments to be able to deliver on its
market monitoring objective. There is no viable alternative product. Major policy would go without empirical support, in short evidence-based policy making would be severely impacted. Retaining Bloomberg license is critical for the FCA to complete our statutory objective of 1/ promoting competition and 2/ consumer protection. We are increasingly encouraged to rely on more existing data within the FCA and enhance those with publicly available data. Bloomberg licences is critical to enhance regulatory returns and allow us to perform our function of financial analysis. Internal departments would impact the ability to conduct real-time surveillance of the UK market. Monitoring key funds and relevant investments, market trends and volatility and cross-referencing company information (to test its veracity) in various complex Supervisory efforts would become difficult.
Notices
UK7: Contract details notice
- Notice identifier
- 2026/S 000-019643
- Published
- 4 March 2026, 4:14pm
UK6: Contract award notice
- Notice identifier
- 2025/S 000-021409
- Published
- 14 May 2025, 3:48pm
UK5: Transparency notice
- Notice identifier
- 2025/S 000-013076
- Published
- 4 April 2025, 12:59pm