Buy Side Credit Process

For those who started in a lending role in banking (lev fin, project finance, high yield DCM, etc) and moved over to a buy side credit role (direct lending, mezz debt, CLO, etc), how does your credit process compare? I'm working in a role where I feel the credit process has gotten excessively in depth just so we can say we covered every little point to the auditors & regulators that it is now fairly burdensome to do deals so I'm looking into moving over to the buy side. I'd imagine the processes of unregulated lenders are much more streamlined, but I wanted to make sure I wasn't off base with this assumption before I take a buy side role.

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