US EditionBanxico Asks Sofipos to Take Care of the Credit Risk
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At this point in the turmoil caused by the bankruptcy of CAME, "brilliant ideas" about limiting the credit acquisition or placement capacity of SOFIPOS and SOCAPS have returned, as some say they are laxly regulated. The reality is different.
Banco de México (Banxico) acknowledged that Popular Financial Corporations (Sofipos) have great challenges and invited them to access a stable source of resources, including traditional recruitment to have a solid functioning in the Mexican financial system. Sofipos have had a significant growth in the country, with a total of 34 (including CAME), among which stand out institutions such as Nu (which is in the process of processing their bank app…
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