Background and Relevance
The Comisión Nacional Bancaria y de Valores (CNBV) is a Mexican regulatory body responsible for overseeing and supervising approximately 5,000 entities within Mexico’s financial system. This article discusses the CNBV’s efforts to increase its budget for 2025 through supervision fees charged to various financial intermediaries.
Proposed Budget and Funding Sources
For 2025, the CNBV aims to exercise a budget of 3,283 million pesos, representing an 117% increase compared to the amount approved in the 2025 PEF (Presupuesto de Egresos de la Federación). According to the 2025 PEF, the CNBV’s budget cap for this year would be 1,506 million pesos, a 14.2% real reduction from the 2024 approval.
The difference of 1,777 million pesos between the PEF approval and the CNBV’s projected expenditure for 2025 stems from additional budgetary requests to the Secretaría de Hacienda, funded by the CNBV’s surplus revenues. These surpluses come from supervision fees charged to various financial intermediaries.
In a document approved by the CNBV’s Board of Governors during their December 10, 2024 session and signed by President Jesús de la Fuente Rodríguez, the CNBV anticipates collecting 3,330 million pesos from inspection and surveillance fees for the different financial intermediaries.
The CNBV plans to request the budgetary difference from the Secretaría de Hacienda, enabling a total expenditure of 3,283 million pesos.
Key Sectors and Their Contributions
The CNBV supervises various intermediaries across different sectors. In 2025, the multiple-banking sector is expected to contribute the most to the CNBV’s inspection and surveillance fee income, with 1,485 million pesos (44% of the total projected for this function).
- Emission houses: 361 million pesos
- Development banks: 246 million pesos
- Stock exchanges: 245 million pesos
- Other sectors: Remaining amount
CNBV’s Budget Allocation
The CNBV plans to allocate its 2025 budget across five categories, with general services receiving the largest share:
- General services: 1,758 million pesos (53% of the total)
- Personal services: 1,444 million pesos (43%)
- Maintenance of computing equipment: 571 million pesos
- Application development
