BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation

If the road to hell is paved with good intentions, the road to post-trade reform is littered with worthy initiatives. Industry observers say the Bank of England’s report on the future of post trade, the latest attempt to bring efficiency to this non-standardized area of financial operations, accurately identifies areas of weakness, but it will need an inherently competitive industry to cooperate if it doesn’t sink like other efforts before it.

“It’s a very good initiative and a good start—but