22/07/2026 19:23 - Economia
As reported by the local newspaper Ámbito on July 22, 2026, the Executive Branch sent the Argentine Congress a 144-page omnibus bill to deregulate various activities. In its Title VIII, the package introduces profound and modernizing changes that could revolutionize the credit market in Argentina, a country with historically tight credit conditions.
Securitization is a financial mechanism that allows grouping different credits (for example, mortgages) and selling them as securities to investors in the capital market. The bill empowers banks and financial entities (fintechs) to package credit portfolios almost immediately. This allows them to fund themselves again and boost the mortgage market, providing greater liquidity to Financial Trusts (Fideicomisos Financieros), a key investment vehicle in Argentina.
The bill enables smart contracts, eliminating paperwork and in-person procedures, a common hurdle in Argentine bureaucracy. Additionally, it will allow diversifying collateral: now virtual assets, software licenses, and cash flows can be used as pledges. This is a key step for companies in the Knowledge Economy, who will be able to use their intangible assets to obtain financing.
One of the great novelties is the improvement in the regime of floating pledges (prendas flotantes). This will allow SMEs (Small and Medium Enterprises) and industries to pledge dynamic assets and cash flows (such as future sales) as collateral to finance working capital.
To organize and provide security to the system, a Single Federal Registry of Guarantees would be created, centralized and interconnected. This will allow electronic registration and immediate notifications, preventing the duplication of pledges and generating greater certainty in the market. Along with the flexibility in the execution of guarantees, it is projected that interest rate spreads will decrease, reducing risk for investors.
By eliminating unnecessary intermediation and digitizing pledge credit by 100%, transaction and structuring costs are drastically reduced. The modernization of the Argentine financial system opens the door to more agile, transparent, and accessible credit, with a hopeful outlook for the development of housing and local production.
Original source: Ámbito - July 22, 2026
Alfredo S. Quiroga
