Bloomberg Renewal 2025

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          "description": "Transparency notice on Find a Tender",
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  "initiationType": "tender",
  "language": "en",
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  "tag": [
    "award",
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  "tender": {
    "description": "Renewal of Bloomberg terminals/Licenses for one (1) year.",
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      {
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    "riskDetails": "They FCA required daily access to market data. Some of the risks in this requirement is not in place: \u2022 It would limit the FCA\u0027s ability to bring successful criminal and regulatory action. \u2022 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. \u2022 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. \u2022 Major policy would go without empirical support, in short evidence-based policy making would be severely impacted. \u2022 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. \u2022 Internal departments would impact the ability to conduct real-time surveillance of the UK market. \u2022 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.",
    "status": "complete",
    "title": "Bloomberg Renewal 2025"
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}