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
IMF Staff Country Reports, October 11, 2006
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: October 11, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825671.002
Executive summary and main findings
- Policies implemented over the last decade have strengthened economic fundamentals and brought macroeconomic stability.
- Major improvements have been taken up in:
- Compliance with the Basel Core Principles for Effective Banking Supervision.
- Implementation of International Organization of Securities Commission Principles and Objectives of Securities Regulation.
- Significant progress is under way regarding:
- The banking safety net.
- Evaluation of antimoney laundering practices in Mexico.
- Key remaining challenges:
- Further entrench stability.
- Promote wider and more efficient private sector access to financing.
Progress on regulatory and supervisory standards
- Banking supervision:
- Major improvements in compliance with the Basel Core Principles for Effective Banking Supervision.
- Securities regulation:
- Implementation of IOSCO (International Organization of Securities Commission) Principles and Objectives of Securities Regulation has been taken up.
- Financial integrity:
- Significant progress regarding the evaluation of antimoney laundering practices.
Financial sector functioning and access to finance
- Focus areas identified:
- Banking safety net improvements.
- Need to promote wider and more efficient private sector access to financing.
- Keywords reflecting topical coverage:
- 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 and document specifics
- Publication date: October 11, 2006
- Pages: 68
- Volume: 2006
- Issue: 350
- Series: Country Report No. 2006/350
- DOI: https://doi.org/10.5089/9781451825671.002
- Stock No: 1MEXEA2006001
- ISBN: 9781451825671
- ISSN: 1934-7685
- Subject tags: Banking, Basel Core Principles, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Financial services, Money, Securities
International Monetary Fund. 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).
Content in this bundle
- Mexico: Financial System Stability Assessment Update; IMF Country Report 06/350; August 4, 2006