Abuses Within the Mexican Political Regulatory And Judicial Systems And Implic
Abuses Within the Mexican Political Regulatory And Judicial Systems And Implic
Finance United States Congress House Committee On Banki
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G. Warburg and Montagu; the French Credit Lyonaise and Banque Paribaa, and the Hong Kong and Shanghai Banx are all ■•«*kiuij av-ooids along those lines with the Mexican goverment. 133 In the aforBmentionad speech to the lOSC, Sacretary A3p« announced that " ' th« neijotlat ione on the financial chapter of the Fr«« Trade Agrwemeni state the conditions ir. Which the opening of the firunciaX markets will take plac«», through Lhe presence of the institutions of the three signatory countrias . . . .... The array of these Initiatives aims at encouraging the internationalization of the sector. '' He mentioned that the government is now working on updating regulations and reforming the laws governing credit, insurance, ana auxiliary credit ana stock exchange institutions, to allow ar. Opening to the outside and for the Internationalization of the sector. The internationalization of financial operations and the protection of ilerivative instruments makes clear that Mexico will be used to protect, and then extend to tho rest of Latin Aaierjca, a deregulated capitals narket, denominated primarily in dollars.
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