Mexico: Financial Sector Assessment Program Update: Technical Note: Observance of the Core Principles for Systemically Important Payment Systems: An Update

International Monetary Fund

No 2007/166, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a technical note on Mexico’s Observance of the Core Principles for Systemically Important Payment Systems. The Bank of Mexico has issued regulation to support check truncation, the use of electronic signatures, and regulation that endorses the development and implementation of new payment instruments. In the area of retail payments, progress has been made to improve the fragmented infrastructure and enlarge the connectivity and interoperability of the different networks of commercial banks.

Keywords: ISCR; CR; payment; securities; SIDV; securities settlement system SIDV; BOM window; settlement system; payment function; card payment; payment law; payment order; payments SPEI; repo facility; payment service; Payment systems; Collateral; Securities settlement systems; Lines of credit; Liquidity (search for similar items in EconPapers)
Pages: 12
Date: 2007-05-15
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