Annual Report 2025: Finance at a Crossroads

Mar. 24, 2026

The SHoF 2025 annual report is now available. Explore key events, research, interviews, and media highlights from the past year.

The 2025 report covers Europe’s fragmented capital markets, insolvency reform, climate finance, investor behavior in volatile markets, wealth inequality, and the role of digital tools in household saving and investment decisions. 

Report Highlights: 

• Unlocking Chapter 11 

• How SHoF research was used to evaluate Sweden’s COVID-19 tax deferrals 

• Is Europe getting the balance right on green regulation 

• Risk attitudes, patience, and the concentration of wealth at the top 

• CEOs took a finance course and how their firms got more profitable 

• What drives loyalty and trust in fintech?