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“Countries in this region have been moving towards better regulations” |
Despite investors in Latin America trading $20 billion-worth of the securities backed by assets such as mortgages and credit card payments in 2006, almost triple the $6 billion traded in 2002, the market is still in its infancy.
“Although the market has been developing quite strongly in the past five years, the overall size is still quite small when compared with other emerging markets,” says Michela Scatigna, one of the authors of the BIS Quarterly Review report.
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