Page 337 - Invited Paper Session (IPS) - Volume 1

IPS155 Manuel S. V. et al.
c) Self Service

Source: Gaytán and Sanchez (2017).

3. Recent Improvements in the Model of Financial Information
Over the last years, Banco de Mexico has been working on improving the
scope of its financial system information model. With respect to the credit
market, Mexican financial authorities have information loan by loan of banks
and other regulated credit institutions (Sofomes E.R.), Banco de Mexico
collects data on consumer credit portfolio (credit cards and other consumer
loans) and CNBV collects the mortgage and commercial loans portfolio. In
recent years, there have been important improvements. Banco de Mexico
started requesting information to Credit Bureaus´ on loans to firms and
households, which has improved the integration of the information and has
increased the availability of data on loans provided by unregulated financial
institutions. In addition, the bank supervisory improved the collection of
commercial portfolio data with an improvement in the consistency and level
of detail of information. On the other hand, Banco de Mexico has improved
the collection of consumer credit by:
i. Improving individual credit risk information;
ii. Requesting information on consumer credit clients, that will help to
improve both financial stability and financial inclusion analysis; and,
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iii. Including the initial Total Annual Cost (CAT), which facilities cost
comparisons of credit products across institutions.
The global financial crisis also had important implications for the
development of new precautionary regulation for financial institutions. To
enhance the resilience of the financial system, Basel III established new
standards for capital adequacy as well as new standards on liquidity, namely
the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR).
In Mexico capital adequacy regulation is a responsibility of CNBV and liquidity
is a joint regulation of Banco de Mexico and CNBV. However, Banco de Mexico
collects and verifies the information of both regulatory regimes as it uses the

The CAT is the domestic name of the Annual Percentage Rate (APR), which includes the
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annualized interest rate plus all fees attached to the loan.
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