Post by account_disabled on Mar 12, 2024 0:57:11 GMT -5
The eighty-second edition of the Banking Convention was recently held, the most important financial event in Mexico, where the issue of reducing bank commissions came to light.
It was in Acapulco Guerrero where the main executives of the 52 banks that operate throughout the country arrived with positive balances of their income but with uncertainty about the relationship between them and the new executive, Andrés Manuel López Obrador.
Since the administration began, relevant disagreements have arisen between bankers and the government, ranging from the cancellation of the NAICM to the bill that would regulate bank commissions and fees.
It should be noted that the private sector recognized the work carried out to eradicate corruption for the country, just as the government endorsed the planned changes in banking matters.
What was said about sustainability at the Eighty-Second Banking Convention?
Within the convention, three themes are highlighted that will gain strength over the course of the year.
The first is related to the new Bank of Mexico platform: Digital Code (CoDI). This service has a positive impact. The main objective is to mitigate the use of cash and/or bank cards, by facilitating online payments to anyone who has a basic bank account and a smartphone.
The operation is simple using the commercial establishment take a payment solution in the form of QR codes that the customer's phone will detect and identify to send the payment via WiFi or with another QR code.
In this convention, the challenge is to France Mobile Number List adequately assess financial risks related to the environment. Environmental risks are not only a phenomenon that damages the growth possibilities and well-being of countries, but also pose specific challenges for financial intermediaries.
“At Banco de México, we are aware of these challenges and the need to have more uniform methodologies and criteria to evaluate environmental risk, as well as promote sustainable investment instruments that contribute to a better allocation of resources in the economy” .
In the text you can read:
In the “vision of the future” to which the title of this Convention summons us, another great challenge is to more adequately evaluate the financial risks related to the environment. Environmental risks are not only a phenomenon that damages the growth possibilities and well-being of countries, but also pose specific challenges for financial intermediaries. Indeed, the poor evaluation of said risks can translate into credit risks, capable of affecting the assets and stability of the institutions and the system.
At Banco de México, we are aware of these challenges and the need to have more uniform methodologies and criteria to evaluate environmental risk, as well as promote sustainable investment instruments that contribute to a better allocation of resources in the economy.
In short, intermediaries and authorities must work, with continuous communication and coordination, to: i. leverage technology for greater financial inclusion; 17 ii. strengthen cybersecurity schemes; iii. align regulation with the evolution of financial products and business models, and iv. promote the incorporation of environmental risks in financing and investment decisions.
It was in Acapulco Guerrero where the main executives of the 52 banks that operate throughout the country arrived with positive balances of their income but with uncertainty about the relationship between them and the new executive, Andrés Manuel López Obrador.
Since the administration began, relevant disagreements have arisen between bankers and the government, ranging from the cancellation of the NAICM to the bill that would regulate bank commissions and fees.
It should be noted that the private sector recognized the work carried out to eradicate corruption for the country, just as the government endorsed the planned changes in banking matters.
What was said about sustainability at the Eighty-Second Banking Convention?
Within the convention, three themes are highlighted that will gain strength over the course of the year.
The first is related to the new Bank of Mexico platform: Digital Code (CoDI). This service has a positive impact. The main objective is to mitigate the use of cash and/or bank cards, by facilitating online payments to anyone who has a basic bank account and a smartphone.
The operation is simple using the commercial establishment take a payment solution in the form of QR codes that the customer's phone will detect and identify to send the payment via WiFi or with another QR code.
In this convention, the challenge is to France Mobile Number List adequately assess financial risks related to the environment. Environmental risks are not only a phenomenon that damages the growth possibilities and well-being of countries, but also pose specific challenges for financial intermediaries.
“At Banco de México, we are aware of these challenges and the need to have more uniform methodologies and criteria to evaluate environmental risk, as well as promote sustainable investment instruments that contribute to a better allocation of resources in the economy” .
In the text you can read:
In the “vision of the future” to which the title of this Convention summons us, another great challenge is to more adequately evaluate the financial risks related to the environment. Environmental risks are not only a phenomenon that damages the growth possibilities and well-being of countries, but also pose specific challenges for financial intermediaries. Indeed, the poor evaluation of said risks can translate into credit risks, capable of affecting the assets and stability of the institutions and the system.
At Banco de México, we are aware of these challenges and the need to have more uniform methodologies and criteria to evaluate environmental risk, as well as promote sustainable investment instruments that contribute to a better allocation of resources in the economy.
In short, intermediaries and authorities must work, with continuous communication and coordination, to: i. leverage technology for greater financial inclusion; 17 ii. strengthen cybersecurity schemes; iii. align regulation with the evolution of financial products and business models, and iv. promote the incorporation of environmental risks in financing and investment decisions.