Ministers need to continue reforming London’s capital markets or risk losing ground to rival cities in the EU and US, the author of the UK’s latest market deregulation proposals has warned.
Last week, the Treasury backed a series of reforms drawn up by Freshfields’ lawyer Mark Austin to make it quicker, easier and cheaper for companies to raise money in London.
His six-month review recommended ensuring that retail investors should be allowed to take part in all equity raisings, including those previously the preserve of institutional investors.
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