Regulatory Alerts2019-06-12 | Circular 9/2019Added
Circular 9/2019 — Modifies Circular 3/2012
The Bank of Mexico modifies Circular 3/2012 to allow credit institutions holding Reportable Monetary Regulation Bonds (BREMS) to use them as collateral for overdrafts in their single account via repo operations. It also updates risk management schemes for interbank equilibrium rate (TIIE) financing and liquidity auctions by requiring daily market-value updates of collateral assets and special guarantees. Additionally, the circular amends Article 19 to align debit card foreign currency charge rules with previous circulars, including specific exchange rate caps and authorization procedures.
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