The financial services sector is so far unenthusiastic about government proposals to change regional stock exchanges, a new survey shows.
Conducted by the Chartered Institute for Securities & Investment (CISI), the poll found that three-quarters (76 per cent) of the sector is unconvinced by the plans.
One survey respondent questioned: "We have already merged national exchanges into transnational exchanges, why would we need regional exchanges?"
The suggestion was put forward by the government as a means of creating investment for businesses, the CISI claimed, but many have expressed doubt over how successful the plans will be.
Last month, the CISI found that seven out of ten financial services practitioners are in support of a bank levy, with 28 per cent strongly in support of the changes.
The levy is expected to raise in excess of £8 billion over the course of four years.
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