Banks have a “resilient, solid and dynamic” position, says the Treasury

Banks have a “resilient, solid and dynamic” position, says the Treasury

Mexico City. Private banks operating in Mexico maintain a “resilient, solid and dynamic” position and throughout last year, were characterized by the adoption of new technologies, both in commercial and user aspects, and improved risk management, announced the Ministry of Finance and Public Credit (SHCP). When presenting the Performance Evaluation of Multiple Banking Institutions (EDB), … Read more

They may consider whether or not banks adjust to social goals and promote financial savings

They may consider whether or not banks adjust to social goals and promote financial savings

Mexico Metropolis. Mexican monetary authorities will probably be liable for evaluating whether or not business banks meet and develop their social goal, whether or not they promote financial savings, monetary inclusion and whether or not they implement better digitalization methods. By the Official Gazette of the Federation (DOF), the Ministry of Finance and Public Credit … Read more