Mexico | Financial Regulation. October 2023

Summary

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

Key points

• Key points:
• CNBV: disclosure of female participation - shareholders, board members and senior management - in bank borrowers (legal persons and financial entities).
• CNBV: adjustments to SOFOMES ER regulation relating to Large Exposures, External Independent Auditors and disclosure (Operational Risk and Payments in Advance).
• CNBV: adjustments to derivatives market participants' accounting rules as a result of IFRS 9 adoption.
• Banxico Notice of Proposed Rulemaking: allowing for the adjustment of fee designations and for the inclusion of unforeseen items in Banxico's Fee Category Catalogue.
• Banxico Notice of Proposed Rulemaking: addition of term rates (28, 91 and 183 days) in the context of interest rate benchmark reform.

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