Mexico | The financial system shows resilience in the face of the current risk scenario

Summary

In addition to the remaining effects of the pandemic, challenges associated with the geopolitical conflict between Russia and Ukraine, global inflationary pressures and the tightening of financial conditions worsen the current risk scenario.

Key points

• Key points:
• Credit granted by financial intermediaries has not yet managed to achieve a robust and generalized reactivation that would accompany and impulse economic growth.
• The Mexican financial system maintains a solid position. The capital and liquidity levels of commercial banks in Mexico comfortably meet regulatory minima.
• Stress tests confirm the resilience of the financial system in the face of potential credit, liquidity and climate change shocks.
• The possibility of potential increases in risk premia persists for both sovereign and Pemex debt, along with potential negative effects on their credit ratings.

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