Europe: A little initiative

Author: | Published: 21 May 2015

As Europe's financial regulatory onslaught approaches its end, attention is turning to market inefficiencies that have fallen by the wayside. These are the issues that receive very little press. Often because they are not contentious, and contrary to the post-crisis anti-regulator mindset, market overseers are not to blame.

One of these is loan operations. It might not be the sexiest part of the banking industry, but backoffice processes are finally getting the attention they deserve. There's a growing industry-wide push to highlight processes that seem more at home in a 1980s Wall...