Regulatory Alerts2020-09-28 | Circular 35/2020Added · Updated
Circular 35/2020 — Extends the Validity of Facilities to Promote Orderly Financial Market Behavior, Strengthen Credit Granting Channels, and Provide Liquidity
The Bank of Mexico extends the validity of nine support measures announced on April 21, 2020, until February 28, 2021, to maintain orderly financial market behavior and provide liquidity to the financial system. This extension modifies transitional rules in Circulars 15/2020, 16/2020, 17/2020, 18/2020, 20/2020, and 25/2020, allowing eligible repurchase agreements and loans to remain active or be renewed through the specified date. The measures apply to Multiple Banking and Development Banking institutions to ensure continued access to liquidity and credit channels amid ongoing economic uncertainties.
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