Last week, LatAm players assembled for what's become a requisite chatfest for anyone who's serious about this market. Euromoney and LatinFinance held their sixth annual Securitization in Latin America Summit in Miami, attracting more than 300 attendants, more than at any other time, and over triple the number of a few years ago.

What's changed? From the first meeting in 2002, basically everything. Severe volatility around Brazilian elections and the aftermath of Argentina's devaluation had tightened the screws on the cross-border market, and the domestic markets in the largest countries were one part action and nine parts talk.

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