The members of the Governing Board stressed that the Mexican financial system has a very robust regulation so that the accusations, last June, against Vector, Intercam and CI Banco did not generate any impact on the rest of the players.
“Mexico has a very robust regulation,” added the Galia Borja subgovernor. “Banking and stock market houses are being extremely careful with all this regulation and with these money laundering prevention processes.”
Victoria Rodríguez said that as a Central Bank, within the framework of their powers, each phase of this transition from banks and stock markets will continue closely.
The CI Banco’s trustee business has been distributed among players such as Multiva, Actinver, BBVA, Monex and Citi. While BancoPpel stayed with the automotive credit business.
Kapital Bank was made of Intercam business while you are waiting to know who will stay with the vector business.
Banxico stressed that in this context they will ensure that the institutions maintain the levels of liquidity, capital, risk control necessary to operate normally.
For his part, subgovernor Omar Mejía said that the coordination between the authorities and his intervention of these accused institutions helped the financial system will continue with their operations.
“There was coordination between the authorities, the authorities acted in an agile and coordinated manner to prevent there to be a greater affectation, and I believe that this is also important to highlight right now,” he said.
