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Mexico: President Nieto gives banking watchdog a boost

By  |  January 10, 2014

Mexico’s President Enrique Peña Nieto has signed a bill into law aiming to boost the nation’s banking and securities authority’s ability to increase banking competition, the latest legislative notch in the nation’s hustle to secure economic growth.

Reports say the new law will, among other things, allow government develop banks to more easily offer loans to smaller businesses. It’s part of Mexico’s plans in recent months to boost the economic competitiveness of the nation.

President Nieto signed the bill into law on Thursday.

Full Content: Wall Street Journal

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