This session focuses on the critical intersection between insolvency law and the functioning of capital markets, in the EU and beyond: how markets respond as insolvency risk builds or crystallizes, what that does to new-issue pricing, collateral and liquidity, and how those dynamics drive the decisions of issuers, investors, banks and market operators. Features a keynote speech by Jakub Michalik, Chief Policy Officer and Member of the Executive Committee at Euronext.