Overview

• On July 8, CIBanco informed the Bolsa Mexicana de Valores that the UIF and U.S. Treasury have not placed it on any blocked or restricted entity lists.
• The bank clarified that fiduciary delegates and common representatives retain full powers despite Alvarez & Marsal México’s provisional administrative oversight.
• CIBanco said its trustee services and securities-market activities continue to operate regularly in line with issuance agreements and regulatory requirements.
• The CNBV intervened on June 26 to safeguard market stability, authorizing but not automatically revoking existing fiduciary mandates under Mexico’s Law of Credit Institutions.
• Some clients, including Toyota Financial Services, have begun evaluating replacement options for CIBanco as common representative.