A roundtable discussion with Simon Walls, head of sell-side at the Financial Conduct Authority, to discuss the FCA’s thinking about risk in light of the significant market developments in the past year. The event will focus on: • How have markets and risk changed in the past year? • What hasn’t changed? • How have […]
This in-person roundtable discussion will focus on our upcoming report that we are producing in partnership with abrdn and Citi, and be an opportunity to discuss the recently announced ‘Mansion House Reforms’. Our paper focuses on the urgency of what we see as a ‘parallel crisis’ in the UK: • A crisis in pensions: the […]
This in person workshop will focus on the value of retail participation in public equity markets, why it matters, and how the industry and government can leverage different aspects of technology to increase it. The discussion will directly inform a report that we are producing in partnership with Euroclear and PrimaryBid. This will be a […]
This in-person roundtable will focus on the FCA’s priorities and next steps surrounding their discussion paper, focussed on updating and improving the UK regime for asset management. Camille and Nike Trost, head of asset management and pension policy at the FCA, will share more about the work they are currently doing on the paper and […]
The Investment Research Review was announced by the Chancellor on 9 December 2022 as part of the Edinburgh Reforms to drive growth and competitiveness in the financial services sector. This in-person discussion will be an opportunity to ask questions and put forward your perspectives on the review. The event will focus on: • How does […]
An in-person workshop hosted by New Financial, in partnership with the City of London Corporation, to discuss the future of the UK as a competitive marketplace. As part of the Corporation’s ‘Finance for Growth’ project, this in-person event will provide an opportunity to discuss and feed directly into the project’s four key themes with a […]
The government has appointed Sir Douglas Flint, Chairman at abrdn to chair the Digitisation Taskforce which will look at ways to drive forward the modernisation of the UK’s shareholding framework. Considering the scale of market coordination and the varied expertise required to ensure digitisation delivers equitable outcomes, Sir Douglas Flint is leading a group of […]
This report outlines an ambitious blueprint for the future of UK banking and finance in three broad areas: rebooting domestic capital markets to enable the industry to better support the UK economy; improving the international competitiveness of the UK as an international financial centre; and mapping the potential role the UK could play in developing global cooperation and partnerships.
This report highlights the damage that Brexit has already done to the City of London. More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU. While this is higher than previous estimates, it underestimates the real picture – and the potential longer term impact.
This report shows that while the UK is bursting with over £5.6 trillion in pools of long-term capital it faces a drought of the sort of long-term productive investment that the economy needs in the wake of the Covid crisis. Just 1% of pensions and insurance assets are invested in unlisted UK equities: this report highlights the barriers to unlocking more of this capital and suggests some solutions to put more of it to work in the UK economy.
In the past few weeks, it has been quite surprising to see how many people appear to be surprised that the UK’s financial services industry / the City ended up with so little from the Brexit deal, or that there would be an immediate impact on some parts of the industry. This short paper summarises […]
This report analyses the shifting trends in European and global markets and identifies the big strategic choices the UK will need to make in the coming years on the future of banking and finance, capital markets, and the City of London.
This report shows that capital markets have a vital role to play in supporting the UK economy through the Covid crisis and driving a recovery. The report identifies 1,000 large UK companies that use the capital markets to support their day-to-day business, raise capital, or manage their risks. These companies employ nearly six million people in the UK and represent nearly 90% of UK firms with revenues of more than £200m.
This updated report provides the most comprehensive analysis yet of the impact of Brexit on the City and the wider banking and finance industry. More than 330 firms in banking and finance have moved or are moving business, staff, assets or legal entities away from the UK to the EU – and these numbers are likely to increase in the near future.
This report shows that post-Brexit capital markets in the EU will be significantly smaller and less developed relative to GDP than they are today. The UK’s current dominance of EU capital markets activity will be replaced by the dominance of France and Germany.