MercoPress

Wednesday, October 24, 2012

The benchmark dropped 3.6% to 2.368.96 at the close of Tuesday trading in Buenos Aires, its steepest decline since November 2011.

A bill will be sent to Congress that replaces self- regulation of issuers and brokers with a greater role for the regulatory agency known as CNV. The proposal would also make trading cheaper, interconnect markets and eliminate the requirement for brokers to be stakeholders in exchanges, Economy Minister Hernan Lorenzino said Monday in televised comments, next to President Cristina Fernandez.

For full text, visit Cristina Fernandez triggers further uncertainty and fears to markets and investors