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Email this citationCIAO DATE: 01/04
The Changing Landscape of Financial Services in Latin America’s Large Emerging Markets
Jerry Haar
North South Center
University of Miami
Agenda Paper #15
July 2003
The Latin American financial services sector has been profoundly affected by the sweeping economic, legal, and regulatory reforms of the 1990s. Conversely, the sector has extensively impacted the economic liberalization process that has been the hallmark of Latin American development from the late 1980s through the present. This paper highlights trends in the financial services sector; discusses the key drivers of change, both globally and regionally; illustrates how three of those drivers - mergers and acquisitions (M&As), technology, and customer demand - are revolutionizing this sector; and reviews the organizational and strategic responses by financial firms to an increasingly competitive environment.
