Research
PIFS conducts research on policy issues impacting the global financial system. PIFS research has focused on issues such as US Treasury market liquidity, global equity market structure, the rise of cloud computing and, most recently, the regulation of crypto markets.
International Review of Equity Market Structure Regulation: Phase III (2021)
In Phase III of our review of equity market structure regulation, which covers the five equity markets that represent roughly 90% of global trading volume, we identify regulatory best practices. We then address policy issues such as competition among trading venues, dark trading (as a complement to lit trading) and algorithmic trading strategies.
International Review of Equity Market Structure Regulation: Phase II (2020)
In Phase II of our review of equity market structure regulation, we analyze the five equity markets that represent roughly 90% of global trading volume. First, we present summary statistics on trading volume in each market. Then, we assess the cost performance of these markets for institutional investors.
For Health and Climate: Retiring Coal-Fired Electricity and Promoting Sustainable Energy Transition in Developing Countries
Summary This paper, authored by Donald P. Kanak, Chairman of Eastspring Investments, proposes a public mechanism for acquiring and replacing coal-fired electricity on an accelerated scale and recycling funds into renewable energy. This mechanism could create millions...