The Brazilian national development bank still makes loans, but it is working to develop the local capital markets
Category: Web Articles
The struggle for transparency
Big business, investors and government agencies are locked in a political battle that could help decide the future of Brazil’s fading equity market.
Down to the Green Door
Consumer finance is a high-margin and increasingly high-tech business. The traditional market leaders are coming under pressure from banks and US multinationals.
New Rules for Pension Funds
Brazilian retirement funds are finally being made publicly accountable.
To protect and serve
Financial institutions that engage in Internet services must protect themselves against fraud-related losses and insure client confidentiality. They also must provide top-line electronic products with a spectrum of services.
Equal Rights for All
The government has introduced broad changes to Mexico’s securities legislation to give minority investors greater rights.
New Rules, Few Takers
Brazilian retirement funds are finally being made publicly accountable.
Towards a Fairer game
Antitrust legislation has evolved rapidly in Latin America in recent years and continues to adapt to the region?s every changing market conditions. There is still work to be done but there is now a sense of inevitability about its application across the region. From Chile to Mexico the process is pushing ahead.
Finding a Home?
A new phase of securitization in Latin American is beginning, slowly. While cross-border future flow transactions are still the bulk of the region?s asset-backed financing, more and more jurisdictions are laying the legal groundwork to allow a greater level of mortgage-backed financing. Brazil and, especially Mexico, are building up primary and secondary mortgage markets. Colombia, and to a lesser extent Chile, are also developing mortgage markets though neither country has yet logged significant transactions. Argentina was Latin America?s pioneer and leader in this area of finance but the economic crisis has stunted securitization activity.
Not Much of a Safe Haven
The Mexican Stock Exchange has performed well this year, beating the US markets. However, its future is in the balance as it struggles to maintain trading volumes and liquidity.
