Overview

• The Finance Ministry confirmed Cabrera Mendoza will replace Jesús de la Fuente as head of Mexico’s financial regulator starting September 1, 2025.
• He takes over with administrative interventions still in place at CIBanco, Intercam and Vector after U.S. Treasury/FinCEN allegations of money-laundering facilitation.
• Sofipo CAME remains under a CNBV-appointed interventor who must report by December to determine the institution’s future after more than 1.3 million customers lost access to funds.
• Key pending decisions include bank-license applications from digital players such as Mercado Pago, Nu and Revolut, as well as a proposed control change for Bankaool involving Moisés Chávez.
• Market reshuffling is underway with Kapital Bank and Multiva acquiring businesses from CIBanco and Intercam, and the CNBV imposed fines surpassing 185 million pesos on the three flagged firms in July.