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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

March 2015

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

November 2014

You should never underestimate the capacity of some people in the financial markets to look you in the eye while they pick your pocket.

The good news hiding in the wreckage of the FX scandal

November 2014

An edited summary of a speech by Minouche Shafik about the Fair and Effective Markets Review

How to make markets fair and effective - Minouche Shafik

October 2014

More and more senior women in finance seem to have decided that the trade-offs that used to make sense are no longer worth it.

Why gender diversity is going to get worse before it gets better

September 2014

Making the case for bigger and better capital markets in Europe

Driving growth: the case for bigger and better capital markets

February 2015

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

Feeling the squeeze?

November 2014

A brief look at how capital markets union may be diverted or delayed.

Capital markets union: be careful what you wish for...

November 2014

A snapshot of female representation on boards and executive committees across the European capital markets industry

Counting every woman: gender diversity in the capital markets

October 2014

If the industry does not convince policymakers that it has seen the light it will find the changes ahead even more painful.

The banking industry and its ‘Clause IV moment’

August 2014

Senior bankers may recall that the story of Sisyphus doesn’t end well. In fact, it doesn’t end at all.

The myth of Sisyphus and the reality of never-ending banking reform

January 2015

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

Making the positive case for capital markets

November 2014

Our summaries of some recent academic papers and research

Thinking allowed: a selection of some recent academic papers

October 2014

An edited version of an article that was published in The Daily Telegraph on 7 October 2014

Why should you care about ‘capital markets union’?

October 2014

A selection of recent academic papers and research that we have read, sifted and translated so that you don't have to.

Thinking allowed: a selection of the best recent academic papers

July 2014

The investment banking industry has lots of problems, but few of them are as intractable as its problem with costs.

The addiction to high costs that is killing investment banks

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