The Financial Conduct Authority (FCA) will launch its first wholesale market study into investment and corporate banking, following a review into competition in the wholesale sector.
The study will assess whether competition in the sector is fair, as the review identified some issues.
Go deeper with GlobalData
The review found that limited clarity over price and quality services may make it difficult for clients to assess whether they are getting value for money.
In addition, it recognized issues in the bundling and cross selling of services could make it difficult for new entrants or smaller established firms to challenge established large players in the market.
Christopher Woolard, director of strategy and competition at FCA, said: "What was clear from the discussions we had with stakeholders and firms was that there are unanswered questions about potential conflicts of interest and value for money in this market. This will form part of our wider work in the wholesale markets, alongside the Fair and Effective Markets Review."
Another competition issue identified through feedback from organisations and individuals was regarding asset management services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe FCA will look into the ways purchasers get value for money when buying asset management services.
The regulator considers taking a market study into asset management and related services later in the year.
