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

International Monetary Fund

No 2006/350, IMF Staff Country Reports from International Monetary Fund

Abstract: Policies implemented over the last decade have strengthened economic fundamentals and brought macroeconomic stability. Major improvements in compliance with the Basel Core Principles for Effective Banking Supervision and the implementation of International Organization of Securities Commission Principles and Objectives of Securities Regulation have been taken up. Significant progress regarding the banking safety net and evaluation of antimoney laundering practices in Mexico are under way. The key remaining challenges are to further entrench stability and to promote wider and more efficient private sector access to financing.

Keywords: ISCR; CR; capital adequacy ratio; exchange rate; banking system; disciplinary action; private sector; financial system; credit risk; bank asset quality; yield curve; development bank; examination team; debt market; CNBV audits INDEVAL; CNBV regulation; Basel Core Principles; Securities; Credit; Commercial banks; Global (search for similar items in EconPapers)
Pages: 68
Date: 2006-10-11
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