The head of London’s Alternative Investment Market Marcus Stuttard has called on the European Commission to use regulation to make it easier for small European businesses to raise money in London.

“If you look at the 23m small and medium-sized enterprises in Europe … 50 per cent of their finance is credit card finance, with another 48 per cent being overdraft and bank finance,” he said.

Link: http://www.ft.com/intl/cms/s/0/ff96367a-5562-11e1-9d95-00144feabdc0.html#axzz1tQpinzA4