
Latin America special report: intro
Latin America special report: intro

Latin America is a patchwork quilt of markets, regulations and business practices, all of which mean that conversations are more about what could be than what is. What could be is an onshore market for structured products in Brazil that exists without a taxation strategy that has so far stifled any intent to create local currency-denominated products. This has long been the case in Brazil, but change may well be on its way as the central bank finally takes a substantive interest in enabling
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