Regulatory Alerts2016-02-10 | Circular 2/2016Added
Circular 2/2016 — Modifies Circular 3/2012
Circular 2/2016 amends Circular 3/2012 by adding Chapter VII and Articles 195 Bis, 195 Bis 1, and 195 Bis 2 to establish procedures for multiple banking institutions to request and administer additional credit facilities from the Bank of Mexico. The regulation requires these institutions to maintain internal manuals detailing operational policies, liquidity needs assessment, asset identification, and governance approvals, while mandating monthly updates of eligible collateral data and annual internal audits. The Bank of Mexico is authorized to request these manuals and information for review, and the circular enters into force ninety days after its publication in the Official Journal of the Federation.
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