On Friday, the main NSE exchange announced that it has partnered with the Insolvency and Bankruptcy Board of India (IBBI) for a research collaboration. The goal of the collaboration is to create an insolvency and bankruptcy research ecosystem in the country, the exchange said in a statement.
He added that an effective insolvency and bankruptcy resolution system enables rapid resolution of financial strains, balances the interests of all stakeholders, promotes entrepreneurship and increases the availability of credit at optimal costs. This, in turn, improves growth prospects and strengthens the institutional strength of an economy. The IBBI is a unique regulatory body that regulates insolvency professionals as well as insolvency processes.
As part of this collaboration, NSE and IBBI will focus on enhancing existing research efforts in areas related to insolvency and bankruptcy in India, by promoting studies that explore the links between the development of the process of insolvency, financial markets and the economy, the statement said.
In addition, they will analyze the effectiveness of insolvency laws and practices across the world and promote evidence-based policy recommendations to strengthen the insolvency framework in India.
Full-time IBBI member Sudhaker Shukla said that in an evolving field like insolvency and bankruptcy, there is an urgent need to promote credible research on best practices and outcomes. To this end, the IBBI has assembled a dynamic data set relating to processes and outcomes within the framework of the IBC and has encouraged evidence-based research in the field of insolvency, he said. .
To advance this research, we strive to explore new avenues and possibilities in the field of research collaboration. In this context, the partnership between IBBI and NSE will go a long way in filling the research void in such an important area of ââtroubled assets and its resolution, ” he added.
Vikram Limaye, MD and CEO of NSE, said the exchange has always been at the forefront of encouraging research on relevant and emerging issues that are important for effective policy making and promoting market development. .
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