BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
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
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