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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

July 2021

Five years since the launch of the Women in Finance Charter, this report assesses its impact on female representation

HM Treasury Women in Finance Charter – Five Year Review

April 2021

An updated analysis of how the banking & finance industry has responded to Brexit – and who is moving what to where

Brexit & The City: The Impact So Far

March 2021

Analysis of how different pools of long-term capital in the UK are invested - and how to unlock them

Unlocking productive investment

December 2020

Analysis of the size, depth & concentration of capital markets in the EU27

What do EU capital markets look like on the other side of Brexit?

September 2020

How the Covid crisis is catalysing a step change in diversity and inclusion across the financial services industry

Covid and D&I - Time for radical action

June 2021

Analysis of the size & growth of financial centres in 65 markets around the world

Driving Growth - the New Financial global financial centres index

March 2021

Analysis of the fragmented stock exchange landscape in Europe and how it is holding back growth in capital markets

The problem with European stock markets

January 2021

This short paper summarises where we are, how we got here, and where we might go from here

Brexit & the City: some initial reflections

November 2020

Analysis of the progress so far and the new CMU action plan

A reality check on capital markets union

September 2020

Analysis of how banks and capital markets have responded to the Covid-19 crisis and he potential for growth in EU capital markets

EU capital markets & a post-Covid recovery

April 2021

Analysis of the progression of Black colleagues into leadership positions across the UK financial services industry

Accelerating Black Inclusion

March 2021

Five years since the UK Government launched the HM Treasury Women in Finance Charter, signatories faced their biggest test yet

HM Treasury Women in Finance Charter – Annual Review 2020

January 2021

Submission of evidence from New Financial to the UK listings review

The wider context on UK public equity markets

October 2020

Recalibrating the UK framework in a post-Brexit & post-covid world

Beyond Brexit - the future of UK banking & finance

June 2020

The third Annual Review analyses the largest cohort yet, with data from 187 signatories

HM Treasury Women in Finance Charter – Annual Review 2019

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