A growing banking scandal in Mexico is unlikely to disrupt the country's financial system or slow down the development of business, but it will tighten regulatory scrutiny of the country's financial institutions, bankers and analysts said Wednesday.

"I think this is the sort of thing that happens when you go back to a private sector economy," said a senior U.S. banker actively involved in business with Mexico. "There are going m be hiccups along the way."

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