Mexico: Financial Sector Assessment Program-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, March 7, 2023
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- Mexico: Financial Sector Assessment Program-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: March 7, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400236693.002
Scope and methodology
- Presents Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision for the Mexico Financial Sector Assessment Program.
- Assessment was conducted against Essential Criteria only.
- Standards evaluated in the context of Mexico’s financial system’s sophistication and complexity.
- Focuses on the supervision of private banks.
- Mandate of the Comisión Nacional Bancaria y de Valores (CNBV) is to supervise and regulate, within its remit, the entities that make up the Mexican financial system, as described in the Law of Credit Institutions and other relevant laws concerning financial institutions.
- Publication date: March 7, 2023.
Key findings
- The level of capitalization of commercial banks is robust and has improved recently.
- The liquidity position of commercial banks is robust and has improved recently.
- CNBV adopted a number of regulatory measures related to coronavirus disease 2019.
- Credit to the private sector is recovering slowly and has not yet reached pre-pandemic levels, albeit not homogeneously.
- The strongest demand is from households, mainly consumer credit and housing.
- Credit to firms continues to drop.
Subject areas and keywords
- Subjects: Credit, Credit risk, Financial regulation and supervision, Internal audit, International organization, Market risk, Monetary policy, Money, Operational risk, Public financial management (PFM).
- Keywords: Banco de México, banking Stability Committee, Comisión Nacional, Constitución Política de los Estados Unidos Mexicanos, Credit, Credit risk, Global, IMF-World Bank Financial Sector Assessment Program, Internal audit, Market risk, Operational risk, y de Valores.
Publication metadata
- Pages: 170
- Volume: 2023
- Issue: 104
- Series: Country Report No. 2023/104
- DOI: https://doi.org/10.5089/9798400236693.002
- Stock No: 1MEXEA2023002
- ISBN: 9798400236693
- ISSN: 1934-7685
International Monetary Fund. Monetary and Capital Markets Department "Mexico: Financial Sector Assessment Program-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision", IMF Staff Country Reports 2023, 104 (2023).
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- 1mexea2023002