The financial services companies in the UK are keen on participating in the revival of the Calcutta Stock Exchange (CSE), the Lord Mayor of London A J Stuttard said.
The involvement of the companies can only be possible with regulatory permissions and a strong “political will” on the part of the local government. The revival of the exchange is essential to develop the region as a financial services centre, the Lord Mayor said.
London has proved itself as a financial services centre by setting up a separate Finance Services Authority, independent of government control, to develop the city in line with modern requirements.
The city houses the London Stock Exchange (LSE), London Metal Exchange (LME), the Euronext derivatives platform and Baltic Exchange apart from being a base for large financial services companies. According to established data, 3,500 trillion pounds are managed from UK.
Read more in The Business Standard article.
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