Publications in: Finance

Metrics and Models Used to Assess Company and Investment Performance – October 2014

Published:27 October, 2014

The Kay Review found that the growth of intermediation and principal-agent relationships in the investment chain have led to an increased reliance on metrics and models to measure performance of companies and investment portfolios. Professor Kay argued that these measurements may be inherently unsuitable for investors with long-term investment horizons, and suggested that the presence […]

Consumer Protection Aspects of Financial Services – October 2014

Published:07 October, 2014

The presentation provides a high level summary of the key findings, conclusions and recommendations of the study published by the European Parliament in February 2014.

Study on the Functioning of the Consumer Credit Market in the EU

Published:12 June, 2014

Presentation to Eurofinas, Brussels, June 12th, 2014.

Direct and Indirect Regulatory Costs Faced by UK Insurance Brokers – May 2014

Published: May, 2014

The study for the British Insurance Brokers’ Association (BIBA) quantifies direct regulatory costs faced by insurance brokers in 23 different jurisdictions and shows that such costs are the highest the UK and that regulatory fees and levies in the UK are more than five times those in New York, Japan, France and Germany. The research […]

Study on the Functioning of the Consumer Credit Markets in the European Union – May 2014

Published:20 May, 2014

The study assesses the degree to which Consumer Credit Directive (CCD) fulfilled its principal objectives, namely: a) fostering an internal credit market in the EU, with a positive impact, in particular on cross­border competition; and, b) providing a high level of protection of consumers regarding consumer credits. The study focuses on the impact of the […]

Financial Conduct Authority Practical Use of Behavioural Experiments in Financial Regulation – March 2014

Published:25 March, 2014

The Financial Conduct Authority finds that behavioural experiments have an important role to play in financial regulation, and often provide insights into the ways markets work that may not be possible otherwise. Download the paper on the practical application of behavioural experiments in financial regulation jointly authored by London Economics and the FCA.

New Specialist Sources of Capital for the Social Investment Market – April 2014

Published:14 February, 2014

This study, conducted jointly with The Social Investment Consultancy, examines potential sources of capital for the social investment market among eight previously under-researched institutional investor groups. It identifies two sets of opportunities for the UK’s growing investment market: –  risk finance capital to support UK social sector organisations, estimated at circa £500m; and –  a […]

Consumer Protection Aspects of Financial Services

Published:10 February, 2014

The financial crisis of 2007/2008 has clearly shown that inadequate consumer protection, especially in the US mortgage market, was a major contributor to financial instability. Moreover, many holders of sub-prime mortgages suffered considerable harm as a result of mis-selling or inappropriate selling. However, the USA is not the only country where weak consumer protection resulted […]

Analysis of Developments in the Fields of Direct Investment and M&A — Part I 2013 Developments in World-wide and EU Capital Flows

Published: December, 2013

Part I of Analysis of developments in the fields of direct investment and M&A reviews developments in international capital flows (FDI, portfolio investment, other investments and reserves) world-wide and more particularly between EU Member States and the rest of the world and within the EU.

Analysis of Developments in the Fields of Direct Investment and M&A — Part II: Foreign Firms’ Contributions to EU Economic Performance

Published: December, 2013

Part II of Analysis of developments in the fields of direct investment and M&A considered the performance of foreign firms that are recipients of FDI.   Domestic firms far outweigh foreign-owned firms in the EU; however, the contributions of foreign-owned firms to economic performance are disproportionately high in terms of productivity, employment generation and the […]