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Senate President Defers Hearings on Mexican Banks Accused by U.S. Treasury

Citing insufficient evidence as grounds for caution against politicizing U.S. allegations, he postponed the PRI’s petition until Congress reconvenes in September.

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Efemérides 9 de julio: Día de la Independencia en Argentina.

Overview

  • Senate President Gerardo Fernández Noroña ruled out summoning Finance Secretary Édgar Amador Zamora, CNBV head Jesús de la Fuente Rodríguez and the directors of CIBanco, Intercam Banco and Vector Casa de Bolsa to testify.
  • He dismissed calls for a special investigative commission and warned that U.S. Treasury accusations reflect “not very friendly” diplomatic signals.
  • The PRI Senate group had formally requested the appearances after the U.S. Treasury’s June 25 designation of the three institutions for suspected money laundering.
  • Fernández Noroña forwarded the PRI’s petition to the Senate Board, deferring any debate or rulings until the September legislative session.
  • The outcome underscores the Morena majority’s traditional reluctance to subject executive-branch officials to opposition oversight and the Senate’s procedural requirement for Board review.