Mexico | Financial Regulation. March 2024

Summary

We present a summary and analysis of the most relevant developments and publications in Mexico's financial regulatory landscape.

Key points

• Key points:
• Banco de México extends its temporary measures regarding credit card minimum payments in the aftermath of hurricane Otis.
• Issuance of decrees that transfer unclaimed retirement funds to the "Welfare Pension Fund", charged with providing complementary payments to pensions below the average salary registered at the IMSS.
• CNBV proposes the introduction of the "Technological base banking agent" in order to regulate third parties offering to carry out different banking transactions through websites or apps.
• IPAB proposes changes to its processing of requests of payment of guaranteed obligations.
• Banco de México. Proposal requiring entities carrying out derivatives to obtain counterparty authorization to share relevant information to foreign central information registries.

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