Mexico dances to a different tune

With US structured finance markets in the grip of the subprime squeeze, close neighbour Mexico might be expected to have suffered a similar fate. But strong investor demand for securitisation and homeowner-friendly government initiatives are combining to insulate Mexico's structured finance markets from contagion north of the border. Hugh Collins reports

For nearly a year, structured finance has been suffering from a crisis of confidence. US investment banks have taken hits totalling over $100 billion thanks to poor bets on the mortgage-backed bond markets, with casualties numbering even Bear Stearns, the fifth largest bank in the US. With the US Treasury obliged to clean up the mess, and issuance down 75% in the first quarter of the year, it seemed as if the securitisation party was over for everyone.

But move a few miles south of California -

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here