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Latin America Masterclass: Lending in Latin America
19 November 2009
The lending in Latin America panel yielded some good debate and discussion around the potentials of lending in Brazil.
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[Latin America panel Brazil risk collateral]
It is no secret that international custodians want to do business in Brazil. But two problems keep arising – risk and collateral. Risk with the central counterparty, the formerly known CBLC, now BM&FBOVESPA is too high. This centralised risk and collateral control is too high a price for the international lenders. This was the theme of one of the best panels of the day - lending in Latin America.
This panel was chaired by Rob Philippa of RBS and was a true representation of the market with delegates from big international custodians, Citi and BNY Mellon; two global...
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