Alfonso Gurza is Principal Economist in the Mexico Regulation team, in charge of monitoring and analysing regulatory developments and of the Regulatory Committee of BBVA MX.
He holds a BSc in Economics from Mexico’s National Autonomous University and a MSc in Regulation from the London School of Economics.
Previously, he worked at the National Banking and Securities Commission (CNBV) in the development of regulatory projects for different financial sectors and took part in both national and international regulatory workgroups.
The financial system maintains its stability, five months after the start of the pandemic, supported by the adequate levels of capitalization and liquidity of the banking system, as well as the special regulatory measures adopted by the financial authorities.
CNBV designates commercial banking institutions of local systemic importance. BIS annual economic report. The origination of mortgage financing from banks fell 18.2% in real terms. Adverse economic effects of the COVID-19 outbreak in the US slows down the recovery of financial markets at the end of July.
The reform proposal is correct and constitutes a step in the right direction. The SHCP would propose adjustments to the current regime in order to increase coverage and replacement rates of IMSS pensions