Martin Oehmke, Professor at LSE Finance and Programme Director for Financial Risk and Regulation at FMG, along with co-author Bo Becker from the Stockholm School of Economics, has proposed a reform of European restructuring and insolvency rules. Their proposal advocates for a Europe-wide insolvency system that companies can opt into, operating alongside existing national frameworks. This system would provide a uniform, predictable, and efficient restructuring process for participating firms while preserving the option for others to follow national insolvency procedures. The reform proposal aims to enhance the attractiveness of European capital markets—a critical priority given Europe’s significant investment needs in infrastructure, defence, and the energy transition.
Read more about this in their ESRB ASC Insight titled Restructuring and insolvency – opportunities for reform in Europe.
