Mexico: Financial System Stability Assessment Update, including Summary Assessments on the Observance of Financial Sector Standards and Codes on the following topics: The Basel Core Principles for Effective Banking Supervision, and the IOSCO Objectives and Principles of Securities Regulation

October 11, 2006

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Format: Chicago

Mexico: Financial System Stability Assessment Update, including Summary Assessments on the Observance of Financial Sector Standards and Codes on the following topics: The Basel Core Principles for Effective Banking Supervision, and the IOSCO Objectives and Principles of Securities Regulation, (USA: International Monetary Fund, 2006) accessed September 18, 2024

Summary

Policies implemented over the last decade have strengthened economic fundamentals and brought macroeconomic stability. Major improvements in compliance with the Basel Core Principles for Effective Banking Supervision and the implementation of International Organization of Securities Commission Principles and Objectives of Securities Regulation have been taken up. Significant progress regarding the banking safety net and evaluation of antimoney laundering practices in Mexico are under way. The key remaining challenges are to further entrench stability and to promote wider and more efficient private sector access to financing.

Subject: Banking, Basel Core Principles, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Financial services, Money, Securities

Keywords: Bank asset quality, Banking system, Basel Core Principles, Capital adequacy ratio, CNBV audits INDEVAL, CNBV regulation, Commercial banks, CR, Credit, Credit risk, Debt market, Development bank, Disciplinary action, Examination team, Exchange rate, Financial system, Global, ISCR, Private sector, Securities, Yield curve

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/350
Stock No:

1MEXEA2006001
ISBN:

9781451825671
ISSN:

1934-7685

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