Regulatory Alerts2021-02-26 | Circular 1/2021Added · Updated
Circular 1/2021 — Extends the Validity of Measures to Promote Orderly Financial Market Behavior, Strengthen Credit Channels, and Provide Liquidity
The Bank of Mexico extends the validity of various liquidity facilities and credit support measures until September 30, 2021, for multiple banking institutions. This extension modifies transitional rules in Circulars 10/2015, 16/2020, 17/2020, 18/2020, 20/2020, and 25/2020 to maintain orderly market conditions and support the financial system amid ongoing pandemic-related risks. Specific provisions include extending the applicability of credit quality criteria, allowing renewals of repurchase agreements, and maintaining the validity of existing operations until their liquidation.
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