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Mexico: Detailed Assessment of Observance of Basel Core Principles
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 066
Language:
English
Publication Date:
30 Mar 2012
DOI:
https://doi.org/10.5089/9781475502763.002
ISBN:
9781475502763
ISSN:
1934-7685
Pages:
153
Keywords:
ISCR; CR; risk management; banking group; senior management; board of directors; interest rate; internal audit; credit risk; financial system; risk profile; country risk; Market risk; Credit risk; Operational risk; Capital adequacy requirements; Global
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This paper presents a detailed assessment of the observance of Mexico’s compliance with the Basel Core Principles. The Comision Nacional Bancaria y de Valores (CNBV) has achieved a fundamental step forward in implementing a complete Pillar I capital adequacy regime that is consistent with the Basel Committee standards. Capital ratios have remained strong and above the regulatory minimum, supported by a rigorously applied forward-looking loan provisioning regime. Important institutional issues outside the control of senior management in the CNBV threaten the sustainability of the above achievements.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund