Mario Mesquita, chief economist at Itaú Unibanco: “The measure aims to lower credit rates and increase approval rates, essentially boosting credit volumes at lower costs for the client and the bank. One of the main reasons behind Brazil’s high interest rates for loans stems from the hurdles banks face to recover assets given as collateral. Only 15 percent of guarantees are retrieved in Brazil as compared to an average of 40 percent in emerging countries and 80 percent in developed countries, according to Febraban. The main headwind for credit recovery is the lengthy and customer-centric judicial process required to retrieve the asset. The new guarantees regulation, approved in early October, aims to solve this issue as it…”
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Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Ernesto Armenteros
Vice Chairman
of the Board,
Banco de Ahorro y Credito Union
Jimena Blanco
Chief Analyst,
Verisk Maplecroft
Richard Child
CEO,
Mattrix Group
Michael Diaz
Partner,
Diaz, Reus & Targ, LLP
Ernesto Fernández Holmann
Chairman of the Board,
Ayucus
Desiree Green
Vice President,
Int’l Gov’t Affairs,
Prudential Financial
Earl Jarrett
Deputy Chairman & CEO
The Jamaica National Group
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
Thomas Morante
Attorney,
Carlton Fields
Manuel Orozco
Senior Fellow,
Inter-American Dialogue
Adalberto Palma Gómez
Senior Partner,
Aperture SC
Rodolfo Pittaluga
Adjunct Professor,
Florida International University
College of Law
Roberto Teixeira da Costa
Founder & Board Member Emeritus, CEBRI
Mario Trujillo
CEO,
DolEx Dollar Express
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