Brits with investment banking jobs in London ''unenthusiastic about regional stock exchange''

The government's proposal to reintroduce regional stock exchanges to the UK's financial services sector has not been met with enthusiasm by the majority of people employed by the industry, new research has found.

Indeed, Britons with investment banking jobs in London and across the country were found to have a negative take on the plans, with the majority admitting they were against them.

According to the survey, which was conducted by the Chartered Institute for Securities and Investment, while 24 per cent of people claimed they supported the proposals, 76 per cent were not in favour of it.

The government is believed to be hoping to revive regional stock exchanges and survey respondents were asked if there was a genuine need for this when electronic trading is available.

However, one participant said: "Local funding will have a positive social impact on the communities in which we live by bringing investment to small businesses that may otherwise struggle to source funding."

In related news, Rachel Le Brocq, press and public affairs manager at the Building Societies Association, recently claimed that many smaller financial services providers are keen to do their bit to support their local community and that this is important to consumers.