Our Work


Work undertaken in the last 12 months:

  • Eurogroup-Greece financial negotiations.
  • Financial markets policy.
  • Next steps for Eurozone banking union.
  • Implications of the EU retail financial services agenda within capital markets union.
  • EU regulatory framework for digital business.
  • Prospects for Energy Union.
  • Prospective EU granting of market economy status to China.

The limits of international cooperation on tax

18 Dec 2017

One of the clichés in international cooperation is that national governments’ enthusiasm for sharing cost centres evaporates when talk turns to sharing profit centres. This explains the imbalance between joint investment in basic research and national commercial application of R&D, or the discrepancy between joint telecoms standards and ruthless national auctions for mobile phone spectrum.

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Work undertaken in the last 12 months:

  • Indonesia: regulatory initiatives to develop domestic capital markets.
  • India: 2015 budget and reform of Goods and Services Tax (GST).
  • China: regulatory responses to ongoing mark-up volatility.
  • Iran: prospects for negotiations and sanctions
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Russia & CIS

Work undertaken in the last 12 months:

  • Variable impacts of US, EU and Russia sanctions on international investors.
  • Consequences of localisation agenda on supply chains.
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Work undertaken in the last 12 months:

  • Uganda: new prudential regulatory framework for insurance.
  • Evolving regulatory framework for African insurance markets.
  • Prospects for private equity investment in the agricultural sector.

Pravin Gordhan and what happens next in South Africa

21 Oct 2016

In his time Pravin Gordhan has played many roles: pharmacist; anti-apartheid activist; prisoner; chief taxman; and finance minister not once, but twice. In South Africa’s current political morality play he is cast as the martyr – fending off what many see as politically motivated accusations of fraud from the National Prosecuting Authority (NPA) to prevent him exposing unsavoury dealings between President Jacob Zuma and the Gupta family.

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Work undertaken in the last 12 months:

  • Brexit: the UK/EU referendum.
  • The productivity agenda: thought-leadership on the productivity debate.
  • UK housing policy: investor due diligence in the buy-to-let property market.
  • Competition policy in retail banking.
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Work undertaken in the last 12 months:

  • ASEAN insurance markets integration and regulation.
  • Prospects for Indonesian telecoms sectors.
  • Impact of IMDB crisis in Malaysia.
  • Impact of EUTR activation on Indonesian timber industry.
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Work undertaken in the last 12 months:

  • USA - TTIP prospects.
  • Brazil - implications of Petrobras scandal.

NAFTA Plus? TPP Minus?

27 Jul 2017

In publishing its NAFTA objectives last week, the Trump administration finally set the stage for a renegotiation after months of delay in Washington. The text of the announcement, which provides some sense of what a Trump-style NAFTA might look like, invites several observations.

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Work undertaken in the last 12 months:

  • Sectoral impacts of TPP and EU-Japan FTAs.
  • COP21 outcomes and implications.
  • Implications of Iranian P5+1 agreement.
  • Evolution of international carbon disclosure frameworks.
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