Latching On In LatAm
Banks in Latin America are increasingly wising up to the importance of having strong op risk frameworks in place. By Ana Fernández-Laviada and Duncan Wood
One night in March last year, in the parking lot of an abandoned bowling alley in Guadalajara, four people started to dig a hole. Over the course of the following weeks, the hole became a tunnel which, as it grew ever longer, required an air-conditioning system and a toilet for the workers. Eventually, during the night of April 5, the diggers put down their spades, broke their way into the vault
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