Abstract: In the MSSM flavor-violating soft mass matrices can generate radiatively contributions to Yukawa couplings through low-energy finite corrections. I will reanalyze the possibility that the fermion masses of the first two generations as well as the quark mixing angles can be explained through these radiative corrections, under the assumption that the supersymmetric unified theory is flavor-conserving and that the source of all flavor violation resides in the supersymmetry breaking sector. I will also analyze the constraints coming from FCNC processes on this mechanism.