MEXICO CITY (Reuters) – Mexico’s financial system continues to face the coronavirus pandemic from a “solid” position, the country’s financial stability council said on Wednesday.
The council said the risks to the Mexican system are associated with possible tightening of global financial flows, where a degree of volatility is expected.
The council, in a statement ahead of its annual report to be published in April, said the country’s banking system is coping with the pandemic well.
“The banking system shows, as a whole, a situation of strength, with a solid capital position and liquidity levels above the minimum applicable regulations,” the council said.
(Reporting by Noe Torres; Writing by Drazen Jorgic; Editing by Kim Coghill)