Light-touch takes beating in UK, Germany

17 May 2012

Europe’s light-touch regulation stock exchange movement received another blow this week with the UK’s Plus Markets potentially starting a wind-down process. The news followed the closure, announced earlier this year, of a similar exchange in Germany, Deutsche Boerse’s First Quotation Board.

“It’s a real shame for the 150 or so companies on Plus, but the news highlights the fact that investors are cautious in the current difficult market,” said Sean Geraghty, a partner at legal firm Dechert. “The ‘lighter-touch’ landscape offered by Plus has simply not inspired investor confidence.”

Plus ...

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