{
  "title": "Mexico: Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision",
  "publication": "IMF Staff Country Reports, May 15, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/mexico-financial-sector-assessment-program-update-detailed-assessment-of-compliance-with-the-20971",
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  "summary": "This paper presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision.",
  "publishDate": "2007-05-15",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision.\n- Fiscal consolidation reduced the gross public debt-to-GDP ratio to below 50 percent, providing the foundations for a monetary policy able to bring inflation down to less than 4 percent, in the context of a floating exchange rate.\n- These improvements have contributed to Mexico’s achievement of investment-grade rating, uninterrupted access to capital at low cost, and resilience to shocks, such as the Russian crisis."
    },
    {
      "heading": "Key findings and implications",
      "content": "- Fiscal consolidation outcome:\n  - Gross public debt-to-GDP ratio: below 50 percent.\n- Monetary policy environment:\n  - Enabled a monetary policy able to bring inflation down to less than 4 percent.\n  - Operates in the context of a floating exchange rate.\n- Market and resilience outcomes:\n  - Achievement of investment-grade rating.\n  - Uninterrupted access to capital at low cost.\n  - Resilience to shocks (example cited: the Russian crisis).\n- Primary assessment focus:\n  - Compliance with the Basel Core Principles for Effective Banking Supervision.\n  - Transparency of Banking Supervision."
    },
    {
      "heading": "Scope and topical coverage",
      "content": "- Subjects listed: Bank supervision; Banking; Basel Core Principles; Capital adequacy requirements; Credit; External audit; Financial regulation and supervision; Financial Sector Assessment Program; Financial sector policy and analysis; Legal support in revenue administration; Money; Revenue administration.\n- Keywords included: bank liquidation framework; bank resolution; Bank supervision; Basel Core Principles; board of directors; bridge bank; CNBV objective; CNBV review; country risk; CR; Credit; examination team; Financial Sector Assessment Program; Global; intervened bank; ISCR; Legal support in revenue administration; onsite team; problem bank; risk manager; única de Banco.\n\nMexico: Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision\n\n---\n\n Content in this bundle\n\n- Cr07172\n  - Cr07172 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr07172 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/mexico-financial-sector-assessment-program-update-detailed-assessment-of-compliance-with-the-20971"
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    "Published: May 15, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451825800.002",
    "Presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision.",
    "Fiscal consolidation reduced the gross public debt-to-GDP ratio to below 50 percent, providing the foundations for a monetary policy able to bring inflation down to less than 4 percent, in the context of a floating exchange rate.",
    "These improvements have contributed to Mexico’s achievement of investment-grade rating, uninterrupted access to capital at low cost, and resilience to shocks, such as the Russian crisis.",
    "Fiscal consolidation outcome:",
    "Monetary policy environment:",
    "Market and resilience outcomes:",
    "Primary assessment focus:",
    "Subjects listed: Bank supervision; Banking; Basel Core Principles; Capital adequacy requirements; Credit; External audit; Financial regulation and supervision; Financial Sector Assessment Program; Financial sector policy and analysis; Legal support in revenue administration; Money; Revenue administration.",
    "Keywords included: bank liquidation framework; bank resolution; Bank supervision; Basel Core Principles; board of directors; bridge bank; CNBV objective; CNBV review; country risk; CR; Credit; examination team; Financial Sector Assessment Program; Global; intervened bank; ISCR; Legal support in revenue administration; onsite team; problem bank; risk manager; única de Banco.",
    "**Cr07172**"
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