Mexico | Financial regulation. September 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: capitalisation adjustments; substitution of references to the "Salario Mínimo" unit of account for "Unidad de Medida y Actualización" (UMA).
• Banxico moves forward with the transition to market-based interest rate benchmarks.
• Details of FOVISSSTE's credit-settlement and UMA to Pesos credit-restructuring programmes are made public.
• IPAB modifies the frequency of its review of banks' Resolution Plans

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