July 1, 2012
For a time, it seemed that structured finance would never recover from the taint it acquired during the financial crisis, which had seen securitization roundly lambasted for its role in the 2007-8 US subprime debacle.
But rumors of its death have been greatly exaggerated. Far from receding into obsolescence, structured finance is proving an ever-more valuable tool for emerging market borrowers – not least in Latin America, where issuance levels remain steady for both local and cross-border transactions.
And though the region’s structured finance market is still in its infancy – and remains small compared to other emerging and developed regions – Latin America’s relative resilience to the
Once shunned as the scourge of global financial markets, structured finance continues its comeback in Latin America – so long as the external environment permits