Mexico: Financial Sector Assessment Program Update: Technical Note: Observance of the Core Principles for Systemically Important Payment Systems: An Update

IMF Staff Country Reports, May 15, 2007

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Canonical URL: Mexico: Financial Sector Assessment Program Update: Technical Note: Observance of the Core Principles for Systemically Important Payment Systems: An Update

This paper presents a technical note on Mexico’s Observance of the Core Principles for Systemically Important Payment Systems.
The Bank of Mexico has issued regulation to support check truncation, the use of electronic signatures, and regulation that endorses the development and implementation of new payment instruments.
In the area of retail payments, progress has been made to improve the fragmented infrastructure and enlarge the connectivity and interoperability of the different networks of commercial banks.

Bank of Mexico regulatory actions:
- Issued regulation to support check truncation.
- Issued regulation to support the use of electronic signatures.
- Issued regulation endorsing the development and implementation of new payment instruments.
Retail payments infrastructure:
- Progress noted in reducing fragmentation of infrastructure.
- Progress noted in enlarging connectivity and interoperability of different networks of commercial banks.

Subject: Asset and liability management; Collateral; Credit; Financial institutions; Financial markets; Lines of credit; Liquidity; Payment systems; Securities settlement systems
Keywords: BOM window; card payment; Collateral; CR; ISCR; Lines of credit; Liquidity; payment; payment function; payment law; payment order; payment service; Payment systems; payments SPEI; repo facility; securities; securities settlement system SIDV; Securities settlement systems; settlement system; SIDV