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| Emiliano Muratore |
| © 2018 Euromoney |
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In Latin America, Chile is renowned for its mature financial system and yet, while the system is fully fledged in terms of size and credit penetration, the products and the regulation are not particularly sophisticated.
However, this landscape is changing and the adoption of Basel III requirements, as proposed by the country’s new banking law (already approved by congress), has led to an increase in regulatory-driven queries from analysts.
For example, the ministry of finance has estimated that the system will require an additional $2.7
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