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Mexico :, Financial Sector Assessment Program Update: Technical Note: Organizational Arrangements for Effective Financial System Regulation, Supervision and Policymaking

This paper discusses Mexico’s organizational arrangements for effective financial system regulation, supervision and policymaking. Reforms implemented encompassed the legal framework, operational arrangements, and information systems, as well as transparency and information disclosure aspects. There has been a significant modernization of the regulatory framework, improvement of interagency coordination, and significant steps have been taken toward consolidated supervision. There is also the need to strengthen the Secretary of Finance and Public Credit’s role in designing medium- and long-term development strategies for the financial sector attuned to evolving market realities
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. Overview; II. Evolving Market Trends; III. Current Organizational Arrangements; Tables; 1. Institutional Architecture for Financial Regulation and Supervision; A. Inter-Agency Coordination; B. Impact on Competition and Innovation; C. Opportunities for Regulatory Arbitrage; D. Consolidated Supervision; E. Cross-border Supervisory Reliance; F. Compliance Costs; IV. Recommendations; A. A Building Block Approach Seems Advisable; B. Contingency Planning; C. Change Management
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (18 p.)
Specific Material Designation
Form Of Item

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