Mexico: Financial Sector Assessment Program Update: Detailed Assessment on the Implementation of the IOSCO Objectives and Principles of Securities Regulation
IMF Staff Country Reports, May 15, 2007
Source details
- Canonical URL
- Mexico: Financial Sector Assessment Program Update: Detailed Assessment on the Implementation of the IOSCO Objectives and Principles of Securities Regulation
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Bibliographic details
- Published: May 15, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825763.002
Overview
- The Detailed Assessment report analyzes Mexico’s implementation of the International Organization of Securities Commissions Objectives and Principles of Securities Regulation.
- The Mexican securities market is dominated by daily trading in short-term government debt securities, primarily through repo transactions among banks, brokers, institutions, and private investors.
- The 2001 Financial Sector Assessment Program noted significant structural issues in the Mexican repo market and recommended government action to create a standard master agreement for repo transactions.
Market structure and key features
- Dominant instruments: short-term government debt securities traded daily.
- Primary trading mechanism: repo transactions among banks, brokers, institutions, and private investors.
- Market concentration: daily trading activity centered on short-term government debt.
Historical findings and recommendations
- 2001 Financial Sector Assessment Program (FSAP) findings:
- Identified significant structural issues in the Mexican repo market.
- Recommended government action to create a standard master agreement for repo transactions.
- Regulatory focus areas highlighted in the report summary:
- Implementation of IOSCO Objectives and Principles of Securities Regulation.
- Supervision and oversight relevant to securities markets and market participants.
Subject areas and keywords (as listed)
- Subjects: Financial institutions, Financial markets, Legal support in revenue administration, Mutual funds, Revenue administration, Securities, Securities markets, Stocks.
- Keywords: CNBV regulation, CNBV staff, company Board, compliance program, CR, debt market, disciplinary action, Global, ISCR, Legal support in revenue administration, mutual fund, Mutual funds, risk management, Securities, Securities markets, Stocks, tender offer.