Banking in Latin America

Abstract

Abstract Banking sectors in Latin America have been subject to an extensive financial liberalization process, which has involved interest rate deregulation, bank privatization, and the repeal of restrictions on foreign bank entry, in addition to other liberalizing reforms pertaining to the macro economy and balance of payments. As a result of these policies, banking sectors have become more consolidated and there has been a change in the governance structure of banking sectors as foreign bank penetration has deepened. This chapter discusses the factors contributing to the recent rise in bank consolidation, and it considers the effects that increased concentration and foreign bank penetration have had on the competitiveness and efficiency of banking sectors across the region to date.

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