INVESTOR PERCEPTION: Compliance as a growth industry

INVESTOR PERCEPTION: Compliance as a growth industry

Bonds

To say that 2015 has been a bad year for Brazil is somewhat of an understatement. In addition to having the worst performing major currency of the year, consumer spending is in the doldrums. Inflation and interest rates are higher than President Dilma Rousseff’s popularity — now in single digits — and Standard & Poor’s cut Brazil’s sovereign debt rating to junk in September. Shareholders have also been hit. Companies listed on Brazil’s stock exchange, the BM&FBovespa, have lost more than $1 trillion since a 2011 peak, according to data service Economatica.Meanwhile, the worst graft case in Brazil’s history, surrounding state-run oil company Petrobras, plays out in the backg

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