Evidence-led perspectives on the decisions facing financial institutions and energy markets now — post-trade, surveillance, AI in governed workflows, operating-model design and the platform choices that have to hold in production.
The research library
Practitioner research, not commentary. Each paper reflects work we have led inside regulated institutions. Whitepapers are free to download with an account.
AI
Most financial institutions run AI pilots; far fewer run AI in day-to-day operations. MIT's 2025 research found only around one custom tool in twenty reaches production. The gap is rarely the technology.
Digital assets
Tokenisation has moved from concept to regulated infrastructure: the EU's pilot regime has been live since 2023, the UK's Digital Securities Sandbox opened in 2024, and Australia is rebuilding its equity settlement system. The question is no longer whether tokenised settlement arrives, but what it does to your operating model when it does.
Post-trade
On 11 October 2027 the UK, EU and Switzerland move to T+1 settlement together. Everything that happens after a trade — confirmation, allocation, currency funding, stock recalls — must finish in half the time it has today, and the date will not move.
Technology
Most IT budgets go to keeping old systems alive — published estimates put the share at 70–80% — and every regulatory change costs more to absorb on ageing platforms than on new ones. Doing nothing is not neutral; the liability grows every year.
Operating model
Three resilience regimes took full effect within six months of each other in 2025 — DORA, the UK's operational resilience rules and APRA's CPS 230. All three demand evidence, not policy documents.
Surveillance
Four regulators — the FCA, the SEC and FINRA, ASIC and Hong Kong's SFC — now ask the same question. Not whether you run market-abuse surveillance, but whether you can prove what it covers, by venue, asset class and channel.
Private markets
Private credit has reached roughly $1.7 trillion. Preqin forecasts $2.6 trillion by 2029, and the BlackRock/Preqin 2030 projection reaches $4.5 trillion. The operations built for quarterly, institutional cycles — spreadsheets and experienced people — are now the constraint.
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