LatAm Preps for European FI Deleveraging
Nov 29, 2011
LatAm remains relatively well protected against European bank deleveraging despite the region’s obvious exposure to potential problems in the continent’s financial system, say analysts. Lending costs are already increasing as a result, but regulators are guarding themselves against sudden parent remittals. Arguably Chile is the most vulnerable with eurozone bank claims amounting to anywhere between 34%-40% of GDP. “Clearly, a problem with the Spanish banking system could amplify the liquidity crunch in the region, especially...
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