Peru Capital Market Reform To Begin With Mortgage Market

Peru’s finance ministry is set to embark on a major reform of the country’s capital markets, and will begin by implementing measures to create a market for mortgages and mortgage-backed securities, the country’s vice minister of economy Juan Miguel Cayo, told LatinFinance. Cayo added the ministry hopes to complete its proposal for market reforms in the second half of this year. The document will suggest changes in taxation, securities law and regulation.