This reflects the fact that it takes at least 3 to 4 years for the major banks’ existing stock of bond funding to be rolled over. Since spreads began to rise sharply in August 2011, the major banks’ issuance of new bonds amounts to about an eighth of their outstanding bonds.
BPR is the mechanism through which the business processes are analysed by the subject matter experts with the knowledge of business and IT. Each and every existing business processes are analysed and re-designed to meet the current or future objectives by ushering in processes that are more efficient, secure, simple and customer friendly.