IMF Staff Country Reports

Mexico: Detailed Assessment of Observance of Basel Core Principles

Publication Date:

March 30, 2012

Electronic Access:

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Summary:

This paper presents a detailed assessment of the observance of Mexico’s compliance with the Basel Core Principles. The Comision Nacional Bancaria y de Valores (CNBV) has achieved a fundamental step forward in implementing a complete Pillar I capital adequacy regime that is consistent with the Basel Committee standards. Capital ratios have remained strong and above the regulatory minimum, supported by a rigorously applied forward-looking loan provisioning regime. Important institutional issues outside the control of senior management in the CNBV threaten the sustainability of the above achievements.

Series:

Country Report No. 2012/066

Subject:

Banking Capital adequacy requirements Credit risk Financial regulation and supervision Internal audit Market risk Operational risk Public financial management (PFM)