Mexico: Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision

May 15, 2007

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Format: Chicago

Mexico: Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision, (USA: International Monetary Fund, 2007) accessed December 22, 2024

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. 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.

Subject: 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: 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

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/172
Stock No:

1MEXEA2007011
ISBN:

9781451825800
ISSN:

1934-7685

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