Private Equity Moris Beracha Wuani

By Justin Villamil Mexico’s upstart stock exchange needs private equity to go public. The Bolsa Institucional de Valores, the bourse known as Biva that began operations in July, is trying to gain market share from the dominant Bolsa Mexicana de Valores by focusing on private equity managers ready to exit their investments and sell shares. The industry has grown 15 percent annually over the past decade, according to a report by El Financiero. “The story of private equity is very recent in Mexico,” Biva Chief Executive Officer Maria Ariza said in an interview at Bloomberg’s offices in Mexico City. “Companies are starting to mature, they’re starting to leave, and they’re starting to look for an opportunity to exit their investments. Ideally, one of the ways to do that is through the capital markets.” Companies controlled by private-equity firms tend to alre...

By Moris Beracha.-  . Mexican senators have passed a bill that would regulate its financial sector, better known as the Fintech Law, and is pending confirmation in the Chamber of Deputies. The bill mainly seeks to regulate cryptocurrencies to deter money laundering or fraud. The Bank of Mexico would strictly supervise by determining which virtual assets can be operated in the Mexican territory and every user would be obliged to verify that the money that is transferred to cryptocurrency does not have an illegal origin. However, Bitcoin was designed to avoid operation influenced by central banks and governments. So, how could the Bank of Mexico monitor a currency that seeks to avoid regulations? The bill does not interfere with the operations of the currency since the central bank does not recognize virtual assets as legal tender and does not support the coin value, as it does with the peso. "[The law] portrays a standard line for the industry, which has a regulatory...