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Mexico's Supreme Court Chief Pledges Review of Banking Issues After Meeting With ABM

Banks seeking legal certainty to expand lending prompted the court to outline a work plan with formal communication channels.

Overview

  • The Supreme Court president, Hugo Aguilar Ortiz, met with the Steering Committee of the Mexican Bankers Association at the court’s headquarters.
  • Aguilar committed to review matters affecting the banking sector and to draft a work plan addressing those issues.
  • The court said it will promote permanent mechanisms for communication and cooperation with the banking industry to bolster legal certainty.
  • The ABM, led by Emilio Romano Mussali, asked for clearer legal frameworks to support offering more and better credit to broader segments of the population.
  • ABM leaders reiterated a commitment to pursue what they call financial justice in coordination with the judiciary, while no specific rulings or regulatory changes were announced.