Mon Sep 23 23:18:23 UTC 2024: ## London’s Capital Market Appeal: Streamlining and Local Investment Needed

**London, UK** – A new survey conducted by broker Deutsche Numis has revealed that the UK government should prioritize streamlining corporate governance regulations and encourage pension funds to invest in local stocks to boost the appeal of London’s capital markets. The survey, conducted among over 150 executives and directors of London-listed companies, highlights a growing need for action to improve London’s attractiveness as a financial hub.

The survey identified a range of challenges faced by London’s capital market, including a dearth of initial public offerings (IPOs) and the departure of some locally listed companies to New York. While the survey revealed a positive outlook for London’s future, with 87% of respondents believing it is an attractive market for listing and raising capital, a decline in optimism regarding its potential to improve dramatically was also noted.

Key findings from the survey include:

* **Streamlining corporate governance requirements** is seen as crucial for attracting more IPOs to London.
* **Encouraging pension funds to invest in local stocks** is deemed essential for boosting the UK’s capital markets.
* **Executive compensation** remains a concern, with 43% of respondents calling for a more competitive pay environment to attract talent.
* **Recent reforms by the Financial Conduct Authority (FCA)**, aimed at making London more attractive to foreign issuers, are seen as positive by nearly all respondents.

Despite the challenges, the survey suggests that there is potential for a turnaround. A significant majority of respondents anticipate a dramatic increase in IPOs in the next 24 months, with several companies, including Vivendi SE unit Canal+ and Greece’s Metlen Energy & Metals, reportedly considering a London listing.

While the survey provides a positive outlook for London’s capital markets, the urgency for action remains. The UK government and relevant institutions need to address the concerns raised and implement measures to ensure London remains a competitive and attractive financial hub.

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