Regulatory Alerts2024-04-16 | DOF 5723398Added
Resolution modifying the General Provisions applicable to credit institutions
The resolution amends Articles 180 and 182 of the General Provisions applicable to credit institutions to remove the mandatory requirement for institutions to use specific financial indicators for evaluating solvency, liquidity, operational efficiency, financial risk, and profitability. It derogates Annex 34, which previously contained these financial indicators, aligning the provisions with the conceptual framework of Financial Information Standards (NIF) after the repeal of NIF A-3. Credit institutions are now required to determine relevant financial indicators themselves to provide useful information for decision-making, ensuring consistency with formulas published on the Commission's website. This resolution entered into force the day following its publication in the Official Gazette on April 16, 2024.
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