SHCP opens consultations on information and credit risk requirements
18 noviembre 2021

MEXICO

On November 15, the Secretariat of Finance and Public Credit (SHCP in Spanish) published, through the National Commission for Regulatory Improvement (CONAMER in Spanish), three public consultations that modify the provisions that regulate credit institutions, regarding the information that these entities must provide to the National Banking and Securities Commission (CNBV in Spanish). On November 16, the SHCP also opened another public consultation regarding the calculation of preventive reserves for credit risks. Below you will find more details about them:

  • The first consultation, modifies the General Provisions applicable to credit institutions, regarding information that these entities must provide before the National Banking and Securities Commission (CNBV). The draft bill states that the periodicity in which credit institutions must submit to the CNBV an independent technical evaluation of compliance with internal reserve methodologies will be extended from 12 to 18 months. The consultation will remain open until at least December 13, and interested parties may submit their comments at the following link
  • The second one, makes modifications regarding the form of presentation of the financial regulatory reports that credit institutions must provide to the CNBV. The purpose of the draft, according to the SHCP, is to clarify certain accounting criteria, so that credit institutions have clarity, certainty and consistency in the application of the criteria established in Annex 33, which regulates such parameters, set forth in the provisions applicable to credit institutions. The consultation will remain open until at least December 13, and interested parties may send their comments through the following link.
  • The third one establishes requirements to be complied with by the judicial and federal tax authorities, for the request of documentation and information they deem pertinent to the CNBV. The consultation will remain open until at least December 13, and interested parties may send their comments at the following link.

The fourth amendment modifies the current regulation that defines as total reserves by these entities the funds corresponding to the capitalization calculation for operations subject to credit risk. In this sense, it provides that the reserves that the institutions constitute in excess of those calculated based on the rating methodologies authorized by the National Banking and Securities Commission (CNBV) must be added to this amount in the calculation.  The text will be available for consultation until at least December 14, and interested parties may send their comments through the following link.

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