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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.

The return of the mystery of the missing jobs in banking and finance

A short paper on a recurring conundrum in the UK

Our latest reports

September 2026

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A short paper on a recurring conundrum in the UK

The return of the mystery of the missing jobs in banking and finance

May 2026

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The size and depth of capital markets in the E6 countries - and of their proposals to reform EU capital markets

The ‘E6’ group and the reform of capital markets in the EU

July 2026

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The size and growth of financial centres in 65 economies around the world

The New Financial international financial centres index

May 2026

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Rethinking the growth and competitiveness strategy and the wider framework for UK banking, finance, and capital markets

A new sense of ambition

June 2026

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Assessing the impact of a decade of the Charter and the challenge ahead

The 10 year review of the Women in Finance Charter

April 2026

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This short paper explores how an increased allocation to UK equities would have affected the performance of defined contribution pensions over the past five years.

UK equities and the performance of DC pensions

Previous reports

November 2014

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You should never underestimate the capacity of some people in the financial markets to look you in the eye while they pick your pocket.

The good news hiding in the wreckage of the FX scandal

November 2014

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An edited summary of a speech by Minouche Shafik about the Fair and Effective Markets Review

How to make markets fair and effective - Minouche Shafik

October 2014

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More and more senior women in finance seem to have decided that the trade-offs that used to make sense are no longer worth it.

Why gender diversity is going to get worse before it gets better

September 2014

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Making the case for bigger and better capital markets in Europe

Driving growth: the case for bigger and better capital markets

July 2014

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An emphasis of the importance of the IPO as a mechanism for capital raising and encouraging the shift away from bank financing.

Market failure? The two different faces of the IPO market

November 2014

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A brief look at how capital markets union may be diverted or delayed.

Capital markets union: be careful what you wish for...

November 2014

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A snapshot of female representation on boards and executive committees across the European capital markets industry

Counting every woman: gender diversity in the capital markets

October 2014

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If the industry does not convince policymakers that it has seen the light it will find the changes ahead even more painful.

The banking industry and its ‘Clause IV moment’

August 2014

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Senior bankers may recall that the story of Sisyphus doesn’t end well. In fact, it doesn’t end at all.

The myth of Sisyphus and the reality of never-ending banking reform

June 2014

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A summary of Thomas Philippon's paper 'On the Theory and Measurement of Financial Intermediation'

Why is the financial industry so inefficient?

November 2014

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Our summaries of some recent academic papers and research

Thinking allowed: a selection of some recent academic papers

October 2014

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An edited version of an article that was published in The Daily Telegraph on 7 October 2014

Why should you care about ‘capital markets union’?

October 2014

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A selection of recent academic papers and research that we have read, sifted and translated so that you don't have to.

Thinking allowed: a selection of the best recent academic papers

July 2014

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The investment banking industry has lots of problems, but few of them are as intractable as its problem with costs.

The addiction to high costs that is killing investment banks

June 2014

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An analysis of the slow decline of the fixed income business.

FICC is dead. Long live FICC?

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