Comisión Nacional Bancaria y de Valores

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Comisión Nacional Bancaria y de Valores
Founded 1995
Headquarters Mexico, D.F., Mexico
Key People Guillermo Babatz Torres, Chairman
Website www.cnbv.gob.mx

The Comisión Nacional Bancaria y de Valores is responsible for monitoring and regulating Mexican financial institutions to ensure their stability and proper functioning, maintaining and promoting the healthy and balanced development of the financial system as a whole, and protecting the interests of the public.[1]

History

In response to Mexico's economic crisis of 1994, Congress passed legislation in 1995 that created the Comisión Nacional Bancaria y de Valores (CNBV). [2] The new organization consolidated in a single body decentralized functions that previously had been performed by the National Banking Commission and the National Commission of Values. The Commission also was given the authority to issue rules designed to preserve liquidity, solvency and stability of intermediaries.

In 1996, Mexico established the Mexican Derivatives Exchange (MeXDeR), a futures and options market, and CNBV assumed supervisory responsibility for the new marketplace. As the Mexican financial system consolidated over the next few years, the responsibilities of CNBV continued to expand.

Products and Services

References

  1. Company Profiles. Business News America.
  2. History of the CNBV. Comisión Nacional Bancaria y de Valores.