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CNBV expands the information about the new regulatory facilities for credit institutions to carry out credit restructuring to support their borrowers due to the effects of the “COVID-19” Pandemic
The Ministry of Finance and Public Credit (SHCP) and the National Banking and Securities Commission (CNBV) announced on September 23 new regulatory measures to encourage banks to offer their borrowers credit restructurings to support them to face the situation derived from the effects of COVID-19. On September 24, the CNBV made known to the credit institutions the characteristics of said facilities through two official letters, one related to accounting facilities and the other related to reserves and capital requirements, issuing on October 8 a scope regarding each official letter. , in order to clarify concepts and make modifications aimed at encouraging restructuring for the benefit of debtors.