Mexico: Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision
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Summary:
This paper presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision. Fiscal consolidation reduced the gross public debt-to-GDP ratio to below 50 percent, providing the foundations for a monetary policy able to bring inflation down to less than 4 percent, in the context of a floating exchange rate. These improvements have contributed to Mexico’s achievement of investment-grade rating, uninterrupted access to capital at low cost, and resilience to shocks, such as the Russian crisis.
Series:
Country Report No. 2007/172
Subject:
Bank supervision Banking Basel Core Principles Capital adequacy requirements Credit External audit Financial regulation and supervision Financial Sector Assessment Program Financial sector policy and analysis Legal support in revenue administration Money Revenue administration
English
Publication Date:
May 15, 2007
ISBN/ISSN:
9781451825800/1934-7685
Stock No:
1MEXEA2007011
Pages:
42
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