Regulatory Alerts2020-03-31 | Circular 4/2020Added
Circular 4/2020 — Modifies Circular 10/2015
This circular modifies the rules for financing granted by the Bank of Mexico to multiple banking institutions to cover ordinary additional liquidity needs. It introduces the definition of the Electronic Attention Module and mandates that loan requests be submitted through this module with the electronic signature of the general director or an authorized legal representative. The interest rate for guaranteed credits and repo operations is set at 1.1 times the one-day interbank rate determined as the monetary policy target. These modifications enter into force on April 1, 2020.
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