Colombian markets stay cool amid Interbolsa crisis
Monday, November 5, 2012
![](https://www.centralamericalink.com/storage/images/2017/02/07/201211051108400.interbolsa-colombia.jpg)
Colombia’s financial markets are reacting calmly to the takeover of the nation’s biggest brokerage, whose unwise management decisions don’t reflect any system-wide risk, Finance Minister Mauricio Cardenas said.
Cardenas said that financial regulators will appoint a special agent on November 6 to manage Interbolsa SA’s brokerage, which was seized on November 2 after the company said it faced a funding shortage.
“No financial market is exempt from companies that once in a while make mistakes and bad business decisions,” Cardenas said.
Source: Bloomberg