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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

September 2016

A snapshot of the size, depth & growth of capital markets in the EU27.

What do EU capital markets look like post-Brexit?

June 2016

Putting the Gadhia review and HM Treasury’s Women in Finance Charter in context.

Women in UK financial services

February 2016

10 things we know (and don’t know) about pay at investment banks and asset managers.

Taking stock on pay: what we do and don’t know about pay at investment banks and asset managers

September 2015

The barriers to bigger and better capital markets in Europe – and how to overcome them.

If I ruled the world: a wish list for unlocking capital markets

May 2015

Measuring the potential for growth across Europe’s fragmented capital markets.

Decoding capital markets union: report on the potential growth in European capital markets

July 2016

A speech by our founder and managing director William Wright on ‘Making the positive case for capital markets’.

Post-Brexit, it's even more important to make the positive case for capital markets

April 2016

A qualitative survey of market participants.

The potential impact of Brexit on European capital markets

January 2016

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

Counting every woman 2016 – gender diversity in the capital markets

July 2015

What the European capital markets industry publicly discloses about diversity.

A signal of intent: report on diversity disclosure in European capital markets

March 2015

Finance academics and economists need to take a more constructively critical approach to the finance industry to help keep it on its toes.

Thinking allowed: Does finance benefit society? by Luigi Zingales

June 2016

This is a summary of some of the main challenges ahead for the European capital markets in the wake of Brexit.

Beyond Brexit: what happens next for European capital markets?

March 2016

Data on UK financial services commissioned for the Gadhia review shows the industry has a long way to go to improve gender diversity.

UK government review calls for greater diversity disclosure

November 2015

A speech given by William Wright as part of a debate held at the Capital Structure Forum organised by Private Debt Investor.

Debate: tax relief on debt is a dangerous flaw at the heart of the world economy

June 2015

New Financial is a new think tank and forum that believes Europe needs bigger and better capital markets

Welcome to New Financial

March 2015

This paper is an attempt to manage some of the expectations around capital markets union.

Capital markets union: managing high expectations

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