Regulatory Alerts2008-05-19 | Circular 21/2008Added
Circular 21/2008 — Modifies Circular 2019/95
The Bank of Mexico modifies, adds, and repeals specific provisions within Circular 2019/95 to adjust regulations for multiple banking institutions. Key changes include updating rules for special personal savings accounts, foreign currency demand deposits, and electronic fund transfers, while establishing new calculation methods for basic capital to determine limits on foreign currency liability admission and credit limits for payment systems. The circular also repeals several obsolete sections and abrogates four prior circulars, entering into force on May 20, 2008.