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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 return of the mystery of the missing jobs in banking and finance

A short paper on a recurring conundrum in the UK

Our latest reports

September 2026

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A short paper on a recurring conundrum in the UK

The return of the mystery of the missing jobs in banking and finance

May 2026

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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

July 2026

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

The New Financial international financial centres index

May 2026

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

A new sense of ambition

June 2026

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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

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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

Previous reports

June 2016

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

Women in UK financial services

February 2016

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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

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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

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

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

March 2015

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Addressing diversity in the capital markets could be an important way for the industry to show that it is willing to embrace change.

Diversity: A fundamental part of cultural change

April 2016

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A qualitative survey of market participants.

The potential impact of Brexit on European capital markets

January 2016

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

Counting every woman 2016 – gender diversity in the capital markets

July 2015

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What the European capital markets industry publicly discloses about diversity.

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

March 2015

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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

February 2015

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What's happening with pay at investment banks and asset managers

Feeling the squeeze?

March 2016

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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

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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

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

Welcome to New Financial

March 2015

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

Capital markets union: managing high expectations

January 2015

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Instead of shouting at the waves, the capital markets industry needs to adopt a more enlightened approach.

Making the positive case for capital markets

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