The delay by the Treasury Secretariat in defining a new law has setback the plans of specialised financial intermediaries, according to sources from the sector.
Guillermo Lagos Espinosa, president of the Mexican factoring association (Amefac), said that, although expectations for the annual meeting with intermediaries were not fulfilled, the scheme presented by the authority entails a project compatible with the sector's needs.
Speaking of the possible participation of these entities in the market of debt since they need to expand their sources of financing, Lagos said: “We regret that the project is taking so long, and it is disturbing that the authority has not set a specific date to discuss modifications to the law."
Raymundo Olalde, head of the financial leasing association AMAF, added that intermediaries have been waiting for the new law for two years and that; "if the project is presented to the chamber in three months, it will be unfeasible."
