Cable questions value of regional stock exchanges

The joint consultation paper, published with business secretary Vince Cable, says the Government is interested in views on regional exchanges and how they could be made to work successfully. But it says it also interested in alternative ways of increasing local sources of finance, such as via the so-called Business Angel scheme. "Some commentators have proposed regional stock exchanges to help develop regionally focused sources of business finance," the paper reads. "Such an approach might, however, fragment liquidity and narrow the pool of investors available to each SME." Cable h...