The new European platform for trading illiquid portfolios is now live
# The illiquid asset market is inefficient:
For both banks and investors, the illiquid asset markets have long remained an opaque and complex process that has seen little disruption from new technologies. Indeed, the issues facing the non-performing loan market are well documented by the European Commission and the European Banking Authority (EBA). From considerable data complexity (and inconsistency) and information asymmetry to high transaction costs, broker fees and regulatory capital charges and an overall lack of awareness of opportunities, the primary and secondary market for illiquid or distressed loans has been notoriously inefficient.