Introduction to the Current Scenario in Mexican Banking Regulation
In Nuevo Nayarit, Nayarit, Jesús de la Fuente, the president of Mexico’s National Banking and Securities Commission (CNBV), announced that the commission is currently evaluating seven applications from institutions aiming to become banks in Mexico. These requests were submitted last year and so far in 2025.
Background on Jesús de la Fuente and the CNBV
Jesús de la Fuente is a prominent figure in Mexico’s financial regulatory landscape, serving as the president of the CNBV. Established in 1993, the CNBV is responsible for overseeing and regulating banking institutions in Mexico to ensure stability, transparency, and consumer protection.
Types of Institutions Seeking Bank Status
The institutions applying for bank status include brokerage houses and popular savings and loan societies (SOFIPOS), according to de la Fuente.
Current Banking Landscape in Mexico
Currently, there are 52 banks operating in Mexico. In recent years, the CNBV has authorized three new digital-only banks: Revolut, Plata, and Nu. These institutions have received their banking licenses but are now in a phase to practice operations before fully launching.
- The process for these new banks to begin operations can take up to 185 days, according to de la Fuente.
- These institutions are handling users’ resources, so the CNBV must ensure their compliance with regulations to protect consumers.
Positive Performance of Mexican Banks
De la Fuente highlighted the strong performance of Mexican banks, citing low delinquency rates of just over 2.0%, a liquidity coverage ratio exceeding 320%, and an ICAP (Index of Capitalization) above 19%.
Despite these positive indicators, de la Fuente acknowledged ongoing challenges such as advancing towards a more inclusive, modern, and resilient financial system.
Key Questions and Answers
- What is the CNBV? The National Banking and Securities Commission (CNBV) is Mexico’s primary financial regulatory body, responsible for overseeing and ensuring the stability of banking institutions.
- What types of institutions are applying for bank status? Brokerage houses and popular savings and loan societies (SOFIPOS) are among those seeking banking licenses.
- How many banks are currently operating in Mexico? There are 52 banks currently operating in Mexico.
- What are some recent digital-only bank approvals in Mexico? The CNBV has authorized three new digital banks: Revolut, Plata, and Nu.
- How long does the process take for new banks to begin operations? The process can take up to 185 days.
