Mexican committee makes progress on bank liquidity rules

Bank of Mexico

The Bank of Mexico is working on new legislation to comply with Basel III requirements on banking liquidity, partly through a new committee designed to coordinate the actions of the country's authorities.

The central bank is part of the Regulatory Committee on Banking Liquidity and is setting up new rules that "should be issued in the coming weeks to take effect in January 2015", says Pascual O'Dogherty, director-general of financial stability at the  Bank of Mexico.

Besides the governor and two

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