Procurement

Bloomberg Renewal 2025

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.