Britain's financial watchdog has proposed a shake-up of London's stock market listing rules in an attempt to shore up the UK capital's reputation as a financial centre.
The move followed attacks on the quality of the UK market by US regulators and warnings from several big British institutional investors that London's name risked being damaged by lower corporate governance standards.
The Financial Services Authority put forward two suggestions yesterday to clear up confusion over the plethora of rules for British listed companies, potentially creating a “premium brand” for the main list of the London Stock Exchange. They are aimed at helping investors understand which companies follow “gold-plated” regulations.
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