ECONOMY - FINANCE / (ae) finance

AFME puts benefits of reform of European insolvency framework at €41 billion minimum

Brussels, 22/02/2016 (Agence Europe) - On Monday 22 February, the Association of Financial Markets in Europe (AFME) fed into the European Commission's reflection on a reform of the European legislation on insolvency.

In a study it carried out with Frontier Economics and Weil Gotshal & Manges LLP, the association concludes that improvements to the insolvency frameworks in the EU could increase EU GDP by between 41 and €78 billion, or between 0.3% and 0.55% of GDP. Most of these absolute...