Mexican financial system stable despite complex global outlook, cenbank says By Reuters
© Reuters. Mexico’s Central Bank Governor Victoria Rodriguez Ceja poses for a photo after an interview with Reuters at the annual banking convention, in Acapulco, Mexico March 25, 2022. REUTERS/Javier Verdin/File Photo
MEXICO CITY (Reuters) – Mexico’s financial system has a resilient and solid position despite a complex global outlook, central bank Governor Victoria Rodriguez said on Wednesday.
The banking system for Latin America’s No. 2 economy showed resiliency in stress tests probing its solvency and liquidity, the Bank of Mexico’s financial stability report said.
Risks to Mexico’s financial stability include the possibility of a further slowdown in the global economy and an unexpected ratings downgrade for the country’s sovereign debt or state oil firm Pemex .
Banxico, as the central bank is known, also pointed to risks from cyber-attacks emerging from the wars in Ukraine and the Middle East, and said it would hold its cyber alert level at “yellow.”