Mexico : Basel Core Principles - Detailed Assessment of Observance
This detailed assessment of the current state of implementation of the Basel core principles in Mexico has been completed as part of a financial sector assessment program update undertaken jointly by the International monetary fund and the World Ba...
| Main Authors: | , |
|---|---|
| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/03/18605671/mexico-basel-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16744 |
| id |
okr-10986-16744 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARD AFFILIATES AMOUNT OF CAPITAL ASSET MANAGERS ASSET RATIO AUDITING AUTONOMY BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK CREDIT BANK LIQUIDATION BANK MANAGEMENT BANK SPREADS BANKING INDUSTRY BANKING INSTITUTION BANKING INSTITUTIONS BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LAW BANKS BONDS BORROWING REQUIREMENTS BROKER BROKERAGE BROKERAGE HOUSE CADASTRES CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL CODE CIVIL SERVICE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL CODE CONFLICTS OF INTEREST CONNECTED LENDING CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CREDIBILITY CREDIT AGENCIES CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GROWTH CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT RECORD CREDIT RISK CREDIT RISKS CREDIT UNIONS CREDITORS CREDITWORTHINESS DEBTOR DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVE DERIVATIVES DEVELOPMENT BANKS DOMESTIC DEBT EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS ENFORCEABILITY ENFORCEMENT POWERS EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXTERNAL AUDITORS FACTORING FEDERAL RESERVE FIDUCIARY RESPONSIBILITIES FINANCIAL AUTHORITIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUND MANAGEMENT GOOD FAITH GOVERNMENT SECURITIES HOLDING HOLDING COMPANIES HOUSING HUMAN RESOURCES INCOME STATEMENTS INFLATION INFORMATION SYSTEMS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS JUDICIAL PROCESS JUDICIAL SYSTEM LACK OF COMPETITION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL REFORMS LEGAL SYSTEM LEGISLATION LENDING LIMIT LENDING LIMITS LIABILITY LINES OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISK LOAN LOAN PORTFOLIOS LOAN PROVISIONING LOAN QUALITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MANDATES MARKET DISTORTIONS MARKET PARTICIPANTS MARKET RISKS MARKET STRUCTURE MATURITY MINIMUM CAPITAL REQUIREMENT MONETARY FUND MONETARY POLICY MORTGAGE MOVABLE COLLATERAL MUTUAL FUND MUTUAL FUND MANAGERS MUTUAL FUNDS NATIONAL SECURITY OFFSITE SUPERVISION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PAYMENT SYSTEM PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS POLICY RESPONSE PRIVATE BANKS PROFITABILITY PROPERTY RIGHTS PROVISION OF CREDIT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL STANDARDS PRUDENTIAL SUPERVISION PUBLIC DEBT PUBLIC REGISTRY RATING AGENCIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY PRACTICES REORGANIZATION RETIREMENT RETURN RETURN ON ASSETS RETURN ON EQUITY RETURNS RISK AVERSION RISK CAPITAL RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES SAVINGS SHAREHOLDER SHAREHOLDERS SMALL BANKS SMALL DEBTORS STOCK EXCHANGE SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SWAP TIER 1 CAPITAL TRANSFER RISKS TRANSPARENCY TRUSTEES TURNOVER UNIVERSAL BANKING WAREHOUSES WITHDRAWAL |
| spellingShingle |
ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARD AFFILIATES AMOUNT OF CAPITAL ASSET MANAGERS ASSET RATIO AUDITING AUTONOMY BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK CREDIT BANK LIQUIDATION BANK MANAGEMENT BANK SPREADS BANKING INDUSTRY BANKING INSTITUTION BANKING INSTITUTIONS BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LAW BANKS BONDS BORROWING REQUIREMENTS BROKER BROKERAGE BROKERAGE HOUSE CADASTRES CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL CODE CIVIL SERVICE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL CODE CONFLICTS OF INTEREST CONNECTED LENDING CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CREDIBILITY CREDIT AGENCIES CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GROWTH CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT RECORD CREDIT RISK CREDIT RISKS CREDIT UNIONS CREDITORS CREDITWORTHINESS DEBTOR DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVE DERIVATIVES DEVELOPMENT BANKS DOMESTIC DEBT EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS ENFORCEABILITY ENFORCEMENT POWERS EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXTERNAL AUDITORS FACTORING FEDERAL RESERVE FIDUCIARY RESPONSIBILITIES FINANCIAL AUTHORITIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUND MANAGEMENT GOOD FAITH GOVERNMENT SECURITIES HOLDING HOLDING COMPANIES HOUSING HUMAN RESOURCES INCOME STATEMENTS INFLATION INFORMATION SYSTEMS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS JUDICIAL PROCESS JUDICIAL SYSTEM LACK OF COMPETITION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL REFORMS LEGAL SYSTEM LEGISLATION LENDING LIMIT LENDING LIMITS LIABILITY LINES OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISK LOAN LOAN PORTFOLIOS LOAN PROVISIONING LOAN QUALITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MANDATES MARKET DISTORTIONS MARKET PARTICIPANTS MARKET RISKS MARKET STRUCTURE MATURITY MINIMUM CAPITAL REQUIREMENT MONETARY FUND MONETARY POLICY MORTGAGE MOVABLE COLLATERAL MUTUAL FUND MUTUAL FUND MANAGERS MUTUAL FUNDS NATIONAL SECURITY OFFSITE SUPERVISION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PAYMENT SYSTEM PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS POLICY RESPONSE PRIVATE BANKS PROFITABILITY PROPERTY RIGHTS PROVISION OF CREDIT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL STANDARDS PRUDENTIAL SUPERVISION PUBLIC DEBT PUBLIC REGISTRY RATING AGENCIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY PRACTICES REORGANIZATION RETIREMENT RETURN RETURN ON ASSETS RETURN ON EQUITY RETURNS RISK AVERSION RISK CAPITAL RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES SAVINGS SHAREHOLDER SHAREHOLDERS SMALL BANKS SMALL DEBTORS STOCK EXCHANGE SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SWAP TIER 1 CAPITAL TRANSFER RISKS TRANSPARENCY TRUSTEES TURNOVER UNIVERSAL BANKING WAREHOUSES WITHDRAWAL International Monetary Fund World Bank Mexico : Basel Core Principles - Detailed Assessment of Observance |
| geographic_facet |
Latin America & Caribbean Mexico |
| description |
This detailed assessment of the current
state of implementation of the Basel core principles in
Mexico has been completed as part of a financial sector
assessment program update undertaken jointly by the
International monetary fund and the World Bank. The
assessment was conducted in September 2011 to update the
2006 assessment. It reflects the banking supervision
practices of the country as of end-July 2011. Moreover, the
bar to measure the effectiveness of a supervisory framework
was raised following the recent financial crisis. The
assessment is based on several sources: 1) a self-assessment
in August 2011 by the country authorities, including written
answers to an exhaustive questionnaire; 2) detailed
interviews with staff from the relevant national agencies,
including the CNBV (Comision Nacional Bancaria y de
Valores), the Central Bank of Mexico (BoM), the SHCP
(Secretaria de Hacienda y Credito Publico), and the
Financial Intelligence Unit (UIF); 3) relevant laws,
directives, circulars and guidelines, which constitute the
regulatory framework; 4) relevant official pronouncements
and other documentation on the supervisory framework; 5)
primary evidence on the nature and extent of the supervisory
practices; 6) sundry information on the structure and
development of the country's financial sector, and more
specifically, the country's banking sector; and 7)
meetings with selected banks, auditing firms, and rating
agencies. The assessment was performed in accordance with
the guidelines set out in the core principles methodology,
and assessed compliance with the 'essential'
criteria only. The assessment of compliance with each
principle is made on a qualitative basis. A four-part
assessment system is used: compliant; largely compliant;
materially noncompliant; and noncompliant. The assessors
enjoyed excellent cooperation with their counterparts, and
received all the information required. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Mexico : Basel Core Principles - Detailed Assessment of Observance |
| title_short |
Mexico : Basel Core Principles - Detailed Assessment of Observance |
| title_full |
Mexico : Basel Core Principles - Detailed Assessment of Observance |
| title_fullStr |
Mexico : Basel Core Principles - Detailed Assessment of Observance |
| title_full_unstemmed |
Mexico : Basel Core Principles - Detailed Assessment of Observance |
| title_sort |
mexico : basel core principles - detailed assessment of observance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/03/18605671/mexico-basel-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16744 |
| _version_ |
1764434592808304640 |
| spelling |
okr-10986-167442021-04-23T14:03:32Z Mexico : Basel Core Principles - Detailed Assessment of Observance International Monetary Fund World Bank ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARD AFFILIATES AMOUNT OF CAPITAL ASSET MANAGERS ASSET RATIO AUDITING AUTONOMY BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK CREDIT BANK LIQUIDATION BANK MANAGEMENT BANK SPREADS BANKING INDUSTRY BANKING INSTITUTION BANKING INSTITUTIONS BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LAW BANKS BONDS BORROWING REQUIREMENTS BROKER BROKERAGE BROKERAGE HOUSE CADASTRES CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CIVIL CODE CIVIL SERVICE COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL CODE CONFLICTS OF INTEREST CONNECTED LENDING CONSOLIDATED SUPERVISION CORPORATE GOVERNANCE CREDIBILITY CREDIT AGENCIES CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GROWTH CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT RECORD CREDIT RISK CREDIT RISKS CREDIT UNIONS CREDITORS CREDITWORTHINESS DEBTOR DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVE DERIVATIVES DEVELOPMENT BANKS DOMESTIC DEBT EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS ENFORCEABILITY ENFORCEMENT POWERS EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXTERNAL AUDITORS FACTORING FEDERAL RESERVE FIDUCIARY RESPONSIBILITIES FINANCIAL AUTHORITIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUND MANAGEMENT GOOD FAITH GOVERNMENT SECURITIES HOLDING HOLDING COMPANIES HOUSING HUMAN RESOURCES INCOME STATEMENTS INFLATION INFORMATION SYSTEMS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS JUDICIAL PROCESS JUDICIAL SYSTEM LACK OF COMPETITION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL REFORMS LEGAL SYSTEM LEGISLATION LENDING LIMIT LENDING LIMITS LIABILITY LINES OF CREDIT LIQUIDITY LIQUIDITY PROBLEMS LIQUIDITY RISK LOAN LOAN PORTFOLIOS LOAN PROVISIONING LOAN QUALITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MANDATES MARKET DISTORTIONS MARKET PARTICIPANTS MARKET RISKS MARKET STRUCTURE MATURITY MINIMUM CAPITAL REQUIREMENT MONETARY FUND MONETARY POLICY MORTGAGE MOVABLE COLLATERAL MUTUAL FUND MUTUAL FUND MANAGERS MUTUAL FUNDS NATIONAL SECURITY OFFSITE SUPERVISION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PAYMENT SYSTEM PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS POLICY RESPONSE PRIVATE BANKS PROFITABILITY PROPERTY RIGHTS PROVISION OF CREDIT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL STANDARDS PRUDENTIAL SUPERVISION PUBLIC DEBT PUBLIC REGISTRY RATING AGENCIES REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY PRACTICES REORGANIZATION RETIREMENT RETURN RETURN ON ASSETS RETURN ON EQUITY RETURNS RISK AVERSION RISK CAPITAL RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES SAVINGS SHAREHOLDER SHAREHOLDERS SMALL BANKS SMALL DEBTORS STOCK EXCHANGE SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SWAP TIER 1 CAPITAL TRANSFER RISKS TRANSPARENCY TRUSTEES TURNOVER UNIVERSAL BANKING WAREHOUSES WITHDRAWAL This detailed assessment of the current state of implementation of the Basel core principles in Mexico has been completed as part of a financial sector assessment program update undertaken jointly by the International monetary fund and the World Bank. The assessment was conducted in September 2011 to update the 2006 assessment. It reflects the banking supervision practices of the country as of end-July 2011. Moreover, the bar to measure the effectiveness of a supervisory framework was raised following the recent financial crisis. The assessment is based on several sources: 1) a self-assessment in August 2011 by the country authorities, including written answers to an exhaustive questionnaire; 2) detailed interviews with staff from the relevant national agencies, including the CNBV (Comision Nacional Bancaria y de Valores), the Central Bank of Mexico (BoM), the SHCP (Secretaria de Hacienda y Credito Publico), and the Financial Intelligence Unit (UIF); 3) relevant laws, directives, circulars and guidelines, which constitute the regulatory framework; 4) relevant official pronouncements and other documentation on the supervisory framework; 5) primary evidence on the nature and extent of the supervisory practices; 6) sundry information on the structure and development of the country's financial sector, and more specifically, the country's banking sector; and 7) meetings with selected banks, auditing firms, and rating agencies. The assessment was performed in accordance with the guidelines set out in the core principles methodology, and assessed compliance with the 'essential' criteria only. The assessment of compliance with each principle is made on a qualitative basis. A four-part assessment system is used: compliant; largely compliant; materially noncompliant; and noncompliant. The assessors enjoyed excellent cooperation with their counterparts, and received all the information required. 2014-01-30T19:44:41Z 2014-01-30T19:44:41Z 2013-03 http://documents.worldbank.org/curated/en/2013/03/18605671/mexico-basel-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16744 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Latin America & Caribbean Mexico |