Elisabeth Noble

Mar 14, 2025 | bis.org | Linda Jeng |Jon Frost |Elisabeth Noble |Chris Brummer

FocusAccess to data is a critical competitive factor within and beyond the financial system. Data access may be achieved through regulatory interventions, such as open banking, or through mergers. We assess how mergers among data-rich firms can impact competition, drawing on examples from the payments and technology sectors. We review how competition authorities are considering data in merger assessments, identifying limitations and proposing new metrics to support data valuation.