The Centre for the Study of Financial Innovation is a forum for debate and research about the future of the international finance services sector.

 

Upcoming Events

Payments Services Directive 2

"PSD 2 has been described as “the mother of all EU banking regulations”. It imposes new duties on banks that are intended to improve integration in the payments market, encourage new players, make payments safer, protect consumers and (last but not least) cut costs. All good stuff – but not easy. One big issue is the commitment to open banking APIs – which would oblige banks to allow certified access to client data, permitting fast user authentication, fast credit scoring and (it is argued) better deals for customers."

The IMF's AsiaPac Outlook

"We are delighted that Roberto Guimarães, deputy division chief in the Asia and Pacific Department, will be discussing the Fund’s latest Regional Economic Outlook for the Asia-Pacific region. Briefly, it confirms Asia’s economic dynamism, but it flags the problems that stem from China’s growth transition – particularly on regional economies and financial markets, both upstream and downstream. It also worries about slowing global trade and rising Asian inequality, plus FX volatility, weaker growth in Japan and low oil prices."

Innovation in ETFs

"When I came across ETFs (exchange traded funds) in the 1990s, I thought they were a marvellous invention. A couple of decades later and there are nearly 5,000 exchange traded products (ETFs are a sub-set). The ETF sector represents about $3 trillion in assets, still a drop in the ocean of capital markets overall, and continues to grow rapidly. However, the sector is no longer controversy-free."

Tax Simplification

"When the Office of Tax Simplification was set up by the UK government in 2010, it embarked on what it quaintly called a “voyage of discovery into the world of tax reliefs and allowances” – all 1,042 of them. The areas of greatest complexity included national insurance, employee benefits, inheritance and capital gains taxes. With the “alignment” of NI and income tax still at the top of the OTS’s agenda (see its March 2016 report), the journey certainly looks like a mission to Mars."

What next for social investing?

"Social impact investing turns the cliché about covering a multitude of sins on its head – this field aims to cover a multitude of virtues. Originally seen as the – perhaps conscience-ridden – preserve of wealthy philanthropists, it now extends to “smart beta” investment approaches. These aim to screen for factors that will deliver a basket of stocks that not only do no harm to people or the planet, but also make money in a “sustainable” way. And, of course, we have social stock exchanges that allow investors to pick their own hoped-for winners."


Podcasts

Christine Allison, CSFI Financial Inclusion Fellow, talks to Malcolm Brown, director of the Church's Mission & Public Affairs Department, about the role of the Church of England in providing socially responsible financial services.

Jane Fuller, co-director of the CSFI, talks to Brian Bartaby (CEO of Proplend) following the Centre's April 26 round-table on innovations in property finance.

Jane Fuller, co-director of the CSFI, talks to Tim Jones (former CEO of NEST) following the Centre's March 7 round-table on the Chancellor's priorities for pensions reform.

Jane Fuller, co-director of the CSFI, talks to Tom Keatinge (RUSI) and Nigel Kirby (National Crime Agency) following the Centre's January 25 round-table on countering illicit financial flows.


Publications

The uncertain state of the global economic recovery now dominates people's concerns about the safety of the banking system.  This is closely followed by the rise in cyber crime.  The better news is that earlier concerns about capital and liquidity appear to be easing. Read the survey of the risks facing the global banking industry, produced in association with PwC.


The uncertain state of the global economic recovery now dominates people's concerns about the safety of the banking system.  This is closely followed by the rise in cyber crime.  The better news is that earlier concerns about capital and liquidity appear to be easing. Read the survey of the risks facing the global banking industry, produced in association with PwC.

The insurance industry operates in a risky world, with an uncertain macro-economy, a heavy regulatory agenda, and growing threats from cyber attack. Read the survey of the risks facing the global insurance industry, produced in association with PwC.


The insurance industry operates in a risky world, with an uncertain macro-economy, a heavy regulatory agenda, and growing threats from cyber attack. Read the survey of the risks facing the global insurance industry, produced in association with PwC.

This report, which marks the culmination of the PIC/CSFI Pensions Fellowship, focuses on work-based pensions in the private sector - and, within that, on the new "auto-enrolment" regime for mass retirement saving.


This report, which marks the culmination of the PIC/CSFI Pensions Fellowship, focuses on work-based pensions in the private sector - and, within that, on the new "auto-enrolment" regime for mass retirement saving.


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FinTech

 

The CSFI aims to bridge the gap between new financial innovators and established institutions through a programme of round-table discussions and briefings. We are also interested in commissioning insightful guest blog posts from FinTech enterprises and influencers around the world. Get in touch with Harry Atkinson to find out more. 

 

Financial World

 

Financial World is the journal of ifs University College. Published six times per year in association with the CSFI, Financial World aims to bring together thought-provoking research and commentary on the health of the domestic and international financial services sector. The journal reaches around 20,000 financial services professionals, including all corporate and individual supporters of the CSFI.

 

Academic Expert Directory

 

The Academic Expert Directory is an online platform where academics and other specialists can connect with
financial services practitioners seeking expert advice. The service is simple to use - and free.

 

 

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