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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 New Financial international financial centres index

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

Our latest reports

July 2026

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

The New Financial international financial centres index

May 2026

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

A new sense of ambition

June 2026

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

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

May 2026

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

March 2026

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

HM Treasury Women in Finance Charter – Annual Review 2025

Previous reports

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 2022

Something funny seems to be going on with the banking and finance industry: the number of jobs in the UK economy is shrinking

The mystery of the missing jobs in UK banking and 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

November 2022

A rough guide to how (not) to talk about banking, finance, and capital markets

A new narrative: how (not) to talk about banking and finance

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

December 2022

Analysis if how capital markets can help accelerate the transition to net zero in the energy sector

Financing the transition

November 2022

For a few brief weeks, the UK government had a new tone towards financial services and a new sense of ambition with ‘Big Bang 2.0'

A reality check on Big Bang 2.0

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