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Our research

New Financial commissions and publishes regular papers, commentary and research on the capital markets industry. We work with business schools, academics and other experts to produce a regular research and analysis on some of the main challenges facing capital markets and market participants.

A focus on market outcomes: reforming EU financial regulation

The size and depth of EU capital markets in the context of the scale and complexity of financial regulation in the EU

Our latest reports

October 2025

The size and depth of EU capital markets in the context of the scale and complexity of financial regulation in the EU

A focus on market outcomes: reforming EU financial regulation

September 2025

Five potential reforms to defined benefit contribution pensions to increase investment in UK listed equities

How to boost investment in UK equities by UK pensions

October 2025

The shifting dynamics and increased competition in public equity markets in the UK, EU and Switzerland

The future of European equity market structure

June 2025

How can firms accelerate annual progress beyond one percentage point?

HM Treasury Women in Finance Charter – focus on acceleration

October 2025

A unique analysis of the size of the rulebook for banking, finance & capital markets in the EU

Measuring the volume of EU financial regulation

June 2025

Exploring the potential for reforming ISAs in the context of the government review of ISAs and its ambition to widen retail participation

Reforming ISAs

Previous reports

June 2025

The size growth & penetration of sustainable finance activity in global markets

A reality check on ESG

April 2025

Our eighth Annual Review monitors the progress of signatories against their Charter commitments and holds them to account

HM Treasury Women in Finance Charter – Annual Review 2024

November 2024

New Financial recently celebrated a major milestone – 10 years since we embarked on making the case for bigger and better capital markets

New Financial 10th anniversary

September 2024

Analysis of the size and depth of capital markets in Europe 10 years after the launch of Capital Markets Union

Searching for growth: the future of EU capital markets

April 2024

Analysis of the size, growth & penetration of green finance in Europe

A reality check on green finance 2.0

May 2025

Examples of investment accounts and tax wrappers in Europe and worldwide - and what the EU and member states can learn from them

Designing savings and investment accounts in the EU

February 2025

A short manifesto of reforms for UK capital markets to drive investment, growth, and competitiveness

UK capital markets: a manifesto for growth

October 2024

The decline in smaller listed companies, why we should care about it - and what we can do to address it

The future of smaller company capital markets in the UK

September 2024

Analysis of investment in domestic equities and of home bias by pension funds in the UK and around the world

Comparing the asset allocation of global pension systems

March 2024

Our seventh Annual Review monitors the progress of signatories against their Charter commitments and holds them to account

HM Treasury Women in Finance Charter – Annual Review 2023

April 2025

An in depth look at UK and European companies that have moved their primary listing to the US market over the past decade

A reality check on international listings

February 2025

The proposed consolidation of the local government pension scheme and defined contribution pensions

The next steps in UK pensions reform

October 2024

A 10-year performance review of financial regulation and regulators in the context of market outcomes

Evaluating the UK regulatory framework

June 2024

Analysis of retirement saving and retail investing in the EU and recommendations for an integrated reform agenda

The future of pensions and retail investment in the EU

March 2024

Explores the structural shift over the past few decades in the way UK pension funds invest the money they allocate to equities

A mechanical drag on UK equities

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