In this issue of the Review of Financial Markets (RoFM), we bring together expertise from academia, finance, government and the professions to focus on three specific aspects of current thinking on infrastructure finance: the risks and benefits to investors in UK infrastructure; the issue of profit rates in sectors with substantial areas of non-competitive supply; and a look at CREST, Britain's paperless settlement system, as an example of how to build and run a major infrastructure project well.
Infrastructure investment: the risks and benefits to investors
Dougald Middleton, head of lead advisory, corporate finance for EY UK & Ireland; Simon Reason, director of corporate finance for the National Audit Office; and Tony Roper, director of global investment management firm InfraRed Capital Partners provide data and analysis on the returns on and types of infrastructure investment.
Profit rates in Britain's £178bn defence sector
Matthew Rees, Chartered FCSI, director of analysis and reporting, Single Source Regulations Office, provides an analysis of how profit rates are set in Britain's huge defence sector.
CREST: lessons learnt from an infrastructure success story
Dr Hermann Rapp, senior lecturer, Anglia Ruskin University; and Dr Cristiana Parisi, assistant professor, Copenhagen Business School, present research on the history of CREST, Britain's paperless settlement system, which is 20 years old this year. This is preceded by an introduction by Sir Alan Yarrow, Chartered FCSI(Hon), CISI chairman.
These follow on from an editorial by George Littlejohn MCSI, editor of
RoFM and senior adviser to the CISI
.
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