Europe: A singular challenge

Author: | Published: 30 Oct 2015

Since the Capital Markets Union's action plan was released in late September, all talk has turned to unification and harmonisation. But for Europe's capital markets to unite in a truly meaningful way, there is far more work to be done. Surely the most pertinent of all is to agree on a uniform insolvency regime.

Cases like Lehman Brothers are sterling examples. The failed bank filed 76 insolvency proceedings across...