Mexico: Financial Sector Assessment Program Update - Technical Note - Industrial Organization and Competition - Pension System in Mexico

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451825725
Total Pages : 21 pages
Book Rating : 4.8/5 (257 download)

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Book Synopsis Mexico: Financial Sector Assessment Program Update - Technical Note - Industrial Organization and Competition - Pension System in Mexico by : International Monetary Fund

Download or read book Mexico: Financial Sector Assessment Program Update - Technical Note - Industrial Organization and Competition - Pension System in Mexico written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-05-15 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technical note on Mexico's Financial Sector Assessment Program update analyzes that the private pension system's regulator in Mexico has introduced innovate rules. Mexico, as with many other countries in Latin America, has adopted an individual capitalization pension system. The design of these pension reforms confers the administration of pension funds to private companies. Under these schemes, competition plays a key role, keeping prices low, a good quality of service, and an efficient investment allocation.

Mexico

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ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Mexico by : Fondo Monetario Internacional

Download or read book Mexico written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico

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ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (141 download)

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Book Synopsis Mexico by :

Download or read book Mexico written by and published by . This book was released on 2007 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Sector Assessment Program Update

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Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (255 download)

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Book Synopsis Financial Sector Assessment Program Update by :

Download or read book Financial Sector Assessment Program Update written by and published by . This book was released on 2007 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451825706
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Mexico by : International Monetary Fund

Download or read book Mexico written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-05-15 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Sociedad Hipotecaria Federal has successfully led a range of direct policy measures that have stimulated the development of the housing finance market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time to foreclosure from five years to two, by facilitating the reform of several state property registries and by facilitating mortgage securitization.

Mexico: Financial Sector Assessment Program Update - Technical Note - The Pension Annuity Market

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451825718
Total Pages : 47 pages
Book Rating : 4.8/5 (257 download)

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Book Synopsis Mexico: Financial Sector Assessment Program Update - Technical Note - The Pension Annuity Market by : International Monetary Fund

Download or read book Mexico: Financial Sector Assessment Program Update - Technical Note - The Pension Annuity Market written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-05-15 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a technical note on Mexico's Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The rationale for the choice of specialized annuity providers has been, on the one hand, to avoid the contagion effect from composite life and nonlife insurance companies operating annuities, and on the other hand, the implicit government guarantee associated with a benefit provision for which participation has been mandated by the federal government.

Mexico

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ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Mexico by : Fondo Monetario Internacional

Download or read book Mexico written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico

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ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (156 download)

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Book Synopsis Mexico by :

Download or read book Mexico written by and published by . This book was released on 2007 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico: Financial Sector Assessment Program Update - Technical Note - Organizational Arrangements for Effective Financial System Regulation, Supervision and Policymaking

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451825756
Total Pages : 15 pages
Book Rating : 4.8/5 (257 download)

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Book Synopsis Mexico: Financial Sector Assessment Program Update - Technical Note - Organizational Arrangements for Effective Financial System Regulation, Supervision and Policymaking by : International Monetary Fund

Download or read book Mexico: Financial Sector Assessment Program Update - Technical Note - Organizational Arrangements for Effective Financial System Regulation, Supervision and Policymaking written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-05-15 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Mexico's organizational arrangements for effective financial system regulation, supervision and policymaking. Reforms implemented encompassed the legal framework, operational arrangements, and information systems, as well as transparency and information disclosure aspects. There has been a significant modernization of the regulatory framework, improvement of interagency coordination, and significant steps have been taken toward consolidated supervision. There is also the need to strengthen the Secretary of Finance and Public Credit's role in designing medium- and long-term development strategies for the financial sector attuned to evolving market realities.

Mexico

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ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Mexico by : Fondo Monetario Internacional

Download or read book Mexico written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico

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Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (156 download)

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Book Synopsis Mexico by :

Download or read book Mexico written by and published by . This book was released on 2007 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico

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ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Mexico by : Fondo Monetario Internacional

Download or read book Mexico written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico - Technical Note on Industrial Organization and Competition

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Mexico - Technical Note on Industrial Organization and Competition by :

Download or read book Mexico - Technical Note on Industrial Organization and Competition written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico, as many other countries in Latin America, has adopted an individual capitalization pension system. The design of these pension reforms confers the administration of pension funds to private companies. Under these schemes competition plays a key role, keeping prices low, a good quality of service, and an efficient investment allocation. However, the extent of competition in the reformed systems has been a common concern for most of the countries where it has been implemented. Moreover, when competition has been intense, like in Chile between 1994 and 1997, marketing expenses were extremely high. This outcome may not be desirable if it does not benefit future pensioners and is an unnecessary increase in costs of providing the service. The performance of competition in this industry is largely related to the demand characteristics, which is by design highly insensitive to prices, rates of return or quality of service, given that this is a compulsory product with government guarantees. Regulations in this market also significantly affect the way in which competition operates. Aiming to a better degree of competition, the private pension system's regulator in Mexico has introduced innovate rules. These regulations have focus in inducing higher demand elasticity to prices and lowering barriers to entry. This has entailed lower prices, lower profits, and the entrance of new firms. The paper is structured as follows: section A gives pension reform in Mexico; section B gives the role of the government; section C deals with the afore industry; section D is commission structure; section E gives potential barriers to entry; section F focuses on changes in regulation that promote price competition; section G gives comments on policy implications and prospects; and section H gives conclusions and policy recommendations.

Mexico

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Mexico by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Mexico written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2022-11-10 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mexican financial authorities strengthened the financial safety net since the last FSAP and need to continue and accelerate enhancements. Recovery and resolution plans are in place for all commercial banks, systemic banks are required to increase their loss absorbency complementing the critical Basel III reforms that the authorities have advanced, and the authorities progressed preparations for using the bridge bank tool, signed cooperation agreements with all major home jurisdictions of the Mexican systemic banks, clarified the emergency lending facilities including to banks in resolution, and improved the depositor payout process. Yet, accelerated enhancements are necessary, including by further improving the credibility and feasibility of banks’ financial contingency arrangements, removing impediments to banks’ resolvability and the use of the bridge bank and purchase and assumption transaction resolution tools, expanding the resolution regime’s remit to financial holding companies, and reinforcing the resolution and deposit insurance agency’s governance, autonomy, and resources.

Mexico: Financial Sector Assessment Program Update - Technical Note - Risk Management Practices and Stress Tests of Commercial Banks, The Insurance Sector, and the Derivatives Exchange

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451825732
Total Pages : 17 pages
Book Rating : 4.8/5 (257 download)

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Book Synopsis Mexico: Financial Sector Assessment Program Update - Technical Note - Risk Management Practices and Stress Tests of Commercial Banks, The Insurance Sector, and the Derivatives Exchange by : International Monetary Fund

Download or read book Mexico: Financial Sector Assessment Program Update - Technical Note - Risk Management Practices and Stress Tests of Commercial Banks, The Insurance Sector, and the Derivatives Exchange written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-05-15 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note on Mexico's Financial Sector Assessment Program update presents an overview of the risk management practices and stress test results carried out for the Mexican commercial banks and the insurance sector. The stress test results include the reporting of scenario analyses undertaken as part of the Mexico Financial System Assessment Program update to help in the assessment of the resilience of the financial system to a set of key risks. These scenarios complement other risk management practices such as liquidity risk and contagion analysis carried out by the relevant supervisors.

Mexico - Financial Sector Assessment Program Update

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Mexico - Financial Sector Assessment Program Update by : Internationaler Währungsfonds

Download or read book Mexico - Financial Sector Assessment Program Update written by Internationaler Währungsfonds and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: State ownership in financial intermediation in Mexico has continued to be significant in qualitative as well as quantitative terms, with about 20-25 percent per cent of the total credit of the banking system provided by development banks (DBs) and funds during the last five years. The importance of government ownership in financial intermediation is not only quantitative, but qualitative, with influence on key sectors in the Mexican economic development. The 2001 joint World Bank- International Monetary Fund (IMF) Financial Sector Assessment Program (FSAP) that took place in 2001 identified a number of problems related to the operation of DBs in Mexico. Some DBs had unclear mandates or did not live up to their mandates with their activities overlapping among themselves or with the activities of commercial banks. Some of them were performing quasi-fiscal activities outside the scope of the budget process, and all of them were loss making even after several rounds of recapitalization. Their operation was often inefficient with high costs, too many employees, and weak internal controls. Fiscal subsidies involved in their operations were not well targeted and were channeled in a non-transparent manner. After the 2001 FSAP assessment the authorities started a reform effort addressing some of the problems mentioned above through legal reforms and tighter monitoring.

Mexico

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ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Mexico by : Fondo Monetario Internacional

Download or read book Mexico written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: