Mexico: Detailed Assessment of Observance of Basel Core Principles

International Monetary Fund

No 2012/066, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; risk management; banking group; senior management; board of directors; interest rate; internal audit; credit risk; financial system; risk profile; country risk; Market risk; Credit risk; Operational risk; Capital adequacy requirements; Global (search for similar items in EconPapers)
Pages: 153
Date: 2012-03-30
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Citations: View citations in EconPapers (4)

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