Euromoney Market Leaders: Latin America’s growing risk list

As 2023 beckoned, Latin America’s banks were adding an additional threat to their already considerable risk list: the rising odds of a US recession.

Mexico is a case in point, according to the inaugural Euromoney Market Leaders rankings for Latin American institutions. Since June, President Andres Manuel Lopez Obrador has been warning that the central bank risked overtightening in its efforts to curb inflation. By November, Banco de Mexico pushed its key interest rates up to a record 10% to keep pace with the US Federal Reserve in Washington.