Prospects for the beleagured Mexican banking sector have improved following an agreement on restructuring that many analysts feel goes beyond expectations
Last month's decision by the lower house of congress to establish a new bail-out vehicle brought to an end a nine month dispute over who should pay the costs of the 1994 banking crisis.
Despite opposition cries that the public should not foot the bill for banks' errors, in this latest deal the government remains responsible attracting criticism from opposition politicians that the exercise is largely cosmetic. But the agreement has made considerable advances in the areas of foreign ownership of banks and the restricting of deposit insurance.
"People feel this agreement exceeds expectations in...
