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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

February 2024

The case for transitioning unfunded public sector occupational pension schemes to a funded model

The radical option in UK pensions

November 2023

How ISAs could help kickstart a recovery in UK capital markets

A £10bn short in the arm for UK equities?

September 2023

Analysis of the size and depth of capital markets in Europe in the context of some of the biggest social and economic challenges

EU capital markets: a new call to action

June 2023

A summary of the key themes in our current work on the urgent need for more structural reform of pensions

Working paper: capital markets in the UK - a new sense of urgency

March 2023

Monitoring the progress of signatories and holding them to account

HM Treasury Women in Finance Charter – Annual Review 2022

January 2024

Update of our analysis of the state of play and growth potential in EU capital markets

A renewed vision for EU capital markets

November 2023

Assessing the impact of the charter on signatories and the benefits and challenges they face

HM Treasury Women in Finance Charter – signatory survey 2023

September 2023

Analysis of the ‘parallel crisis’ in UK pensions and capital markets - and how to address it

UK capital markets: a new sense of urgency

March 2023

Analysis of the size, growth & penetration of sustainable finance activity in global markets

Benchmarking ESG in banking and finance

March 2023

Analysis of pools of long-term capital in the EU with a focus on pensions

Building EU capital markets from the bottom up

December 2023

Measuring the regional footprint and impact of the industry through the lens of Pension Insurance Corporation

The social and economic value of finance

September 2023

Analysis of the shifting dynamics of retail participation in European equity markets and proposals for increasing engagement

Widening retail participation in equity markets

August 2023

Analysis of the size, depth & growth potential of investment in high potential companies across Europe

Financing innovation - early stage investment in the EU

March 2023

Analysis of the shift in risk appetite & investment away from equities over the past few decades by UK pension funds

Unlocking the capital in capital markets

January 2023

This paper outlines the journey from Big Bang 2.0 to Edinburgh, and looks ahead to the complicated process of rebooting UK Capital Markets

Paper - From Big Bang 2.0 to the Edinburgh Reforms

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