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Wednesday, 25 May 2016

Colombia brokerage fail more MF Global than Lehman

MF Bogota

Interbolsa’s collapse evokes elements of both Wall Street firms. But the demise of Colombia’s largest brokerage is merely painful like MF Global’s, not systemic like Lehman’s. At least Colombia’s regulators have an excuse: they’re toothless until a firm fails. That has to change.

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