Mexico: Financial System Stability Assessment

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2012 Issue 065

Publication date: March 2012

ISBN: 9781475502756

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , Public Finance , ISCR , CR , central bank , financial system , exchange rate , banking system , balance sheet , credit risk , price index , Credit , Commercial banks , Stress testing , Legal support in revenue administration , Global , Europe

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Summary

This paper discusses the Financial System Stability Assessment of Mexico. The Mexican banking system is profitable, liquid, well capitalized, and stress tests suggest that it is able to withstand severe shocks. The strength of capital buffers has persuaded the authorities to introduce Basel III capital requirements in 2012, well ahead of other countries. The institutional set-up for macrofinancial oversight and systemic crisis management has been strengthened with the establishment of the Financial System Stability Council.