Last review date: November, 2024
Financial System
Mexico has an effective financial system that privileges consumption capacity and investment. The Mexican financial system has a capitalization ratio that exceeds international standards, and is regulated under a modern legal framework that includes best practices in terms of prudential standards, risks, accounting and corporate governance. In 2013 Mexico implemented in advance Basel III regulatory framework to consolidate its financial system regulation, supervision and risk management, and is considered as one of the most solid financial systems in the world.
The Mexican banking system is composed of 50 banks, all of which comply with international regulation standards, and are supervised by the National Banking Commission (CNBV) under a prudential framework. The 20 banks with the highest market share are as follows:
