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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

October 2017

Analysis of what has and hasn’t changed in the capital markets industry since 2006.

A decade of change in capital markets

July 2017

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

HM Treasury Women in Finance Charter – signatory survey 2017

April 2017

The big banks have used diversionary tactics and deliberately misleading arguments to drag out the process of regulatory reform.

Thank you for smoking: the big tobacco approach to lobbying

January 2017

A summary of nearly 50 papers and reports on the potential impact of Brexit on financial services and the City of London.

Everything you ever wanted to know about Brexit - but didn't have time to read

December 2016

A selection of recent academic papers and speeches on pay and diversity that we have read, sifted and translated so that you don’t have to.

Thinking allowed: a selection of some recent academic papers & speeches

September 2017

Conflicting short-term hiring data is confusing the debate on London's future, which is being influenced by more than just leaving the EU.

Brexit & the City: missing the bigger picture on jobs

June 2017

Measuring female representation on boards and executive committees in European capital markets.

Counting Every Woman 2017: making progress on gender diversity in the capital markets

March 2017

Analysis of the central role of investment banks and asset managers in driving growth.

What have the capital markets ever done for us? And how could they do it better?

January 2017

As Brexit beckons the City should go back to basics and think about its purpose.

Brexit and the City: don't let a good crisis go to waste

December 2016

A 10-point summary of Sir Jon Cunliffe's speech in November 2016 at the annual dinner of the Association of Financial Markets in Europe.

The challenges for financial markets - Sir Jon Cunliffe, former deputy governor - Bank of England

July 2017

Analysis of the progress so far, the impact of Brexit, the shift in direction of the CMU project and a bolder vision for the future.

CMU 2.0: what next for capital markets union?

April 2017

Analysis of the concerns, priorities and positions of policymakers in the 27 EU member states on the other side of the negotiating table.

What the rest of the EU thinks about Brexit & The City of London

February 2017

This article is an attempt to provide a short 10-point reality check on the impact of Brexit.

Brexit and the City: a 10-point reality check

December 2016

The HM Treasury Women in Finance Charter, launched in March 2016, is a call to action for better gender diversity in financial services.

Leading the way: the HM Treasury Women in Finance Charter

November 2016

Analysis of the growth opportunity for capital markets in central and eastern Europe.

The benefits of capital markets to high potential EU economies

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