Over the past decade, politics around the world has been turned on its head by the rise of populism, a collapse in trust in the traditional social and political order, and a growing ‘crisis of capitalism’. Elites in western democracies have struggled to understand and respond to what has been driving this fundamental shift, often […]
This dinner that we are hosting with Huw van Steenis will focus on the forthcoming report on ‘The future of finance’ that Huw is working on for Bank of England Governor Mark Carney. Huw was appointed last year as a special adviser to Governor Carney and as part of that role he is leading a […]
This private breakfast with Juan Solé, senior London representative in the IMF’s markets division, will focus on European financial stability in light of the latest IMF global financial stability report due to be published in a few weeks. Juan and his team ran the analysis and wrote the European section of the report, and this […]
Our next policy breakfast will see the launch of our latest report on the ‘great leap forward’ in EU capital markets that we’re publishing next month. This is our fifth annual report on the capital markets across the EU and it provides a unique benchmark for each sector and country, analyses how the size relative […]
This breakfast event will focus on how not to talk about ‘responsible business’, a recurring theme in our work. Every firm likes to talk about being ‘responsible’, but what do firms in banking and finance really mean when they talk about ‘responsible business’? Do they focus too much on their green credentials and their charity […]
We think this is our most important report yet: we set out to analyse the relevance of capital markets to people’s everyday lives in the form of a report on the role that capital markets play in supporting the economy of the North West of England. While the report is focused on the North West, […]
We think this is our most important report yet: we set out to analyse the relevance of capital markets to people’s everyday lives in the form of a report on the role that capital markets play in supporting the economy of the North West of England. While the report is focused on the North West, […]
In the past few months, Jeremy Corbyn has warned that ‘gamblers and speculators’ in the City should be more afraid of a Labour government than of Brexit, that levels of pay and bonuses in the City are unacceptable, and that finance should be ‘the servant of the real economy rather than the master of us […]
The asset management industry is a huge, important and growing industry, that plays a vital economic and societal role in managing risk and return for its customers and in allocating capital. But it can often be distracted from its underlying purpose of serving is customers by the structure of the industry, misaligned incentives, and its reliance on modern portfolio theory. In an important recent paper, Jon Lukomnik and Jim Hawley explore the underlying purpose of asset management, and how to reconnect the industry with that purpose.