Mexico Financial Sector Assessment Program Update : Technical Note on Observance with the Core Principles for Systemically Important Payment Systems (CPSIPS): An Update
Financial System Assessment Program (FSAP) update mission to Mexico from February 22 to March 8, 2006, an update of the observance of the CPSS Core Principles for Systemically Important Payment Systems (CPSIPS) was carried out. The Mexican authorit...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/218791468281337543/Mexico-Technical-note-on-observance-with-the-Core-principles-for-systemically-important-payment-systems-CPSIPS-an-update http://hdl.handle.net/10986/37341 |
| Summary: | Financial System Assessment Program
(FSAP) update mission to Mexico from February 22 to March 8,
2006, an update of the observance of the CPSS Core
Principles for Systemically Important Payment Systems
(CPSIPS) was carried out. The Mexican authorities provided
the FSAP team with a note in which they explained how they
have given follow up to the recommendations made during the
FSAP of 2001 and the way the risks in the payment
infrastructure, as indicated by the FSAP team, were
eliminated. The update of 2006 focused on the assessment of
the measures taken and no new assessments were carried out.
The International Monetary Fund and the World Bank will be
available to carry out full reassessments once
self-assessments for the new payment system Sistema de Pagos
Electrónicos Interbancarios, modern hybrid system operated
by BOM (SPEI) and self-assessments of observance of the
standards set by the Committee on Payment and Settlement
Systems / International Organization of Securities
Commissions (CPSS/IOSCO) for securities settlement systems
and for central counter parties are prepared by the authorities. |
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