Data companies and index providers such as FTSE, Bloomberg, Thomson Reuters and Markit are in the spotlight following the Wheatley Review into the London interbank offered rate, which will see a number of commercial organisations scrap it out for control of the international benchmark.

Martin Wheatley, who concluded his government-backed review of Libor on Friday, recommended that the British Bankers' Association should be stripped of its oversight role in setting the rate. In its place, he recommended launching a competitive tender to find a new organisation to administer the key benchmark.