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Your Favourite Song Is Collateral

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Oct 15, 2026

Your Favourite Song Is Collateral

A catalogue of fresh hits was lent 65 per cent of its value. Two years later it is on watch for a downgrade.

James Carter
James Carter
Priceless Means Zero

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Oct 2, 2026

Priceless Means Zero

In 1962 the Mona Lisa was valued at USD 100 million for insurance. Nobody ever bought the policy.

James Carter
James Carter
The Italian Bank That Guarantees Local Art

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Sep 24, 2026

The Italian Bank That Guarantees Local Art

Mandatory portfolio yields vs. public heritage: How the 1990 Amato Reform tied Umbrian restoration to commercial bank dividends.

James Carter
James Carter
Britain Underwrites More Art Than It Funds

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Sep 17, 2026

Britain Underwrites More Art Than It Funds

£6.06bn of indemnified art against a £1.98bn department budget, and no claim crystallised all year.

James Carter
James Carter
Nothing at the Fair Got More Expensive

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Sep 10, 2026

Nothing at the Fair Got More Expensive

The second Fincul Stress Index reads 64 out of 100, up six points, and three of its five components did not move at all.

James Carter
James Carter
The Arts Are Funded Twelve Months at a Time

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Sep 3, 2026

The Arts Are Funded Twelve Months at a Time

Five per cent of the arts distributors' lottery commitments run beyond one year. For sport it is 57

James Carter
James Carter
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The Ledger by Fincul

The financial logic behind culture. Rarely visible. Never obvious.

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