Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure
The Sistema de Pagos Electrónicos Interbancarios (SPEI) is an important pillar of a complex payment and securities settlement infrastructure, through which the payments of various markets are settled with finality. In 2015, SPEI processed transacti...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/735661507876121410/Mexico-Assessment-of-observance-of-the-CPMI-IOSCO-principles-for-financial-market-infrastructure http://hdl.handle.net/10986/28602 |
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okr-10986-286022021-05-25T09:04:52Z Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure World Bank Group PAYMENT CLEARING FINANCIAL SETTLEMENT RISKS CREDIT RISK LIQUIDITY The Sistema de Pagos Electrónicos Interbancarios (SPEI) is an important pillar of a complex payment and securities settlement infrastructure, through which the payments of various markets are settled with finality. In 2015, SPEI processed transactions for the equivalent of 10 times the country’s gross domestic product (GDP). It is supported by well-founded legal basis, and sound governance arrangements. It has developed a comprehensive risk management approach with an emphasis on operational risk management. At the same time, a few areas and opportunities for improvement have been noted in this report in light of enhancing principles for financial market infrastructures (PFMI) observance. This assessment was undertaken in the context of the International Monetary Fund (IMF) - World Bank (WB) financial sector assessment program (FSAP) to Mexico in April and May 2016. The objective of the assessment has been to identify potential risks related to the FMI that may affect financial stability. While safe and efficient FMIs contribute to maintaining and promoting financial stability and economic growth, they may also concentrate risk. If not properly managed, FMIs can be sources of financial shocks, such as liquidity dislocations and credit losses, or a major channel through which these shocks are transmitted across domestic and international financial markets. 2017-10-30T16:17:41Z 2017-10-30T16:17:41Z 2016-07 Report http://documents.worldbank.org/curated/en/735661507876121410/Mexico-Assessment-of-observance-of-the-CPMI-IOSCO-principles-for-financial-market-infrastructure http://hdl.handle.net/10986/28602 English 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 Economic & Sector Work Latin America & Caribbean Mexico |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
PAYMENT CLEARING FINANCIAL SETTLEMENT RISKS CREDIT RISK LIQUIDITY |
| spellingShingle |
PAYMENT CLEARING FINANCIAL SETTLEMENT RISKS CREDIT RISK LIQUIDITY World Bank Group Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| geographic_facet |
Latin America & Caribbean Mexico |
| description |
The Sistema de Pagos Electrónicos
Interbancarios (SPEI) is an important pillar of a complex
payment and securities settlement infrastructure, through
which the payments of various markets are settled with
finality. In 2015, SPEI processed transactions for the
equivalent of 10 times the country’s gross domestic product
(GDP). It is supported by well-founded legal basis, and
sound governance arrangements. It has developed a
comprehensive risk management approach with an emphasis on
operational risk management. At the same time, a few areas
and opportunities for improvement have been noted in this
report in light of enhancing principles for financial market
infrastructures (PFMI) observance. This assessment was
undertaken in the context of the International Monetary Fund
(IMF) - World Bank (WB) financial sector assessment program
(FSAP) to Mexico in April and May 2016. The objective of the
assessment has been to identify potential risks related to
the FMI that may affect financial stability. While safe and
efficient FMIs contribute to maintaining and promoting
financial stability and economic growth, they may also
concentrate risk. If not properly managed, FMIs can be
sources of financial shocks, such as liquidity dislocations
and credit losses, or a major channel through which these
shocks are transmitted across domestic and international
financial markets. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| title_short |
Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| title_full |
Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| title_fullStr |
Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| title_full_unstemmed |
Mexico Financial Sector Assessment Program : Sistema de pagos Electonicos Interbancarios -- Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure |
| title_sort |
mexico financial sector assessment program : sistema de pagos electonicos interbancarios -- assessment of observance of the cpmi-iosco principles for financial market infrastructure |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/735661507876121410/Mexico-Assessment-of-observance-of-the-CPMI-IOSCO-principles-for-financial-market-infrastructure http://hdl.handle.net/10986/28602 |
| _version_ |
1764467256677367808 |