Mexico Banking & Financial Services Q4 2018
We maintain a broadly positive outlook for Mexico's financial services industry, despite headwinds. The sector is relativelyunderdeveloped relative to the size of the Mexican economy, offering significant room for all financial sectors - and especially non-banking sectors - to grow over the coming years. Sweeping reforms enacted in 2014 will continue to support competition in thesector and help streamline the regulatory environment, though the recent election of left-wing candidate Andres Manuel LopezObrador creates renewed uncertainty over future policy direction.
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