Mexico Financial Sector Assessment

Mexico Financial Sector Assessment

This financial sector assessment (FSA) summarizes the key findings and recommendations of the 2016 FSAP update report for Mexico. Mexico’s economic growth has been steady and inflation remained low despite a significant depreciation of the exchange...

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Bibliographic Details
Main Authors: World Bank, International Monetary Fund
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
FINANCIAL SYSTEM STRUCTURE
FINANCIAL MARKETS
BANKING
PENSIONS
INSURANCE
MUTUAL FUNDS
REGULATION
LIQUIDITY
CRISIS MANAGEMENT
STATE-OWNED FINANCIAL INSTITUTIONS
Online Access:http://documents.worldbank.org/curated/en/621671508177153708/Mexico-Financial-Sector-Assessment
http://hdl.handle.net/10986/28536
id okr-10986-28536
recordtype oai_dc
spelling okr-10986-285362021-05-25T09:04:32Z Mexico Financial Sector Assessment World Bank International Monetary Fund FINANCIAL SYSTEM STRUCTURE FINANCIAL MARKETS BANKING PENSIONS INSURANCE MUTUAL FUNDS REGULATION LIQUIDITY CRISIS MANAGEMENT STATE-OWNED FINANCIAL INSTITUTIONS This financial sector assessment (FSA) summarizes the key findings and recommendations of the 2016 FSAP update report for Mexico. Mexico’s economic growth has been steady and inflation remained low despite a significant depreciation of the exchange rate in the last 18 months.The medium term outlook for the Mexican economy foresees stable growth and inflation. After several years of contained growth, commercial bank credit grew by 14 percent in 2015, albeit from a very low base.Nonfinancial sector balance sheets show little sign of stress.Key risks to the macroeconomic outlook are mostly external in nature and stem from the close connection to US markets, the dependency on oil revenues, and potential resurgence of market volatility. A comprehensive financial reform was approved in November 2013 with the objective of increasing the financial sector’s contribution to economic growth. The financial reform encompassed revisions to the banking law and other legislation to encourage credit expansion. This entailed a more active role of development banks in extending credit and measures to ensure that private financial institutions would channel credit to productive activities. 2017-10-18T19:24:06Z 2017-10-18T19:24:06Z 2017-03 Report http://documents.worldbank.org/curated/en/621671508177153708/Mexico-Financial-Sector-Assessment http://hdl.handle.net/10986/28536 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 Economic & Sector Work :: Financial Sector Assessment Program Latin America & Caribbean Mexico
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 FINANCIAL SYSTEM STRUCTURE
FINANCIAL MARKETS
BANKING
PENSIONS
INSURANCE
MUTUAL FUNDS
REGULATION
LIQUIDITY
CRISIS MANAGEMENT
STATE-OWNED FINANCIAL INSTITUTIONS
spellingShingle FINANCIAL SYSTEM STRUCTURE
FINANCIAL MARKETS
BANKING
PENSIONS
INSURANCE
MUTUAL FUNDS
REGULATION
LIQUIDITY
CRISIS MANAGEMENT
STATE-OWNED FINANCIAL INSTITUTIONS
World Bank
International Monetary Fund
Mexico Financial Sector Assessment
geographic_facet Latin America & Caribbean
Mexico
description This financial sector assessment (FSA) summarizes the key findings and recommendations of the 2016 FSAP update report for Mexico. Mexico’s economic growth has been steady and inflation remained low despite a significant depreciation of the exchange rate in the last 18 months.The medium term outlook for the Mexican economy foresees stable growth and inflation. After several years of contained growth, commercial bank credit grew by 14 percent in 2015, albeit from a very low base.Nonfinancial sector balance sheets show little sign of stress.Key risks to the macroeconomic outlook are mostly external in nature and stem from the close connection to US markets, the dependency on oil revenues, and potential resurgence of market volatility. A comprehensive financial reform was approved in November 2013 with the objective of increasing the financial sector’s contribution to economic growth. The financial reform encompassed revisions to the banking law and other legislation to encourage credit expansion. This entailed a more active role of development banks in extending credit and measures to ensure that private financial institutions would channel credit to productive activities.
format Report
author World Bank
International Monetary Fund
author_facet World Bank
International Monetary Fund
author_sort World Bank
title Mexico Financial Sector Assessment
title_short Mexico Financial Sector Assessment
title_full Mexico Financial Sector Assessment
title_fullStr Mexico Financial Sector Assessment
title_full_unstemmed Mexico Financial Sector Assessment
title_sort mexico financial sector assessment
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/621671508177153708/Mexico-Financial-Sector-Assessment
http://hdl.handle.net/10986/28536
_version_ 1764467090233753600

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