While US-educated heads assumed their roles at the CNBV and Consar, Afore-friendly Carlos Noriega Curtis has joined the government in the finance ministry.
Regulators, intermediaries not worried by impact of Trump on Mexican fund industry
Edurado Flores Herrera, vice-president of Securities Supervision at Mexico's CNBV, discussed with Fund Pro Latin America the new mechanisms in place to buffer the mutual-fund clients from market-induced shocks.
Mexico’s fund industry has grown just 9% in dollar terms the last five years
The 40% drop in the value of the Mexican peso has severely impacted results in dollar terms, while the number of investor contracts in funds has hovered around the 2 million mark.
Vibrant, agile Mexican fund industry in sight thanks to streamlined regulations
"There was a lot of very tedious bureaucracy in the past, but now the creation and operation of funds will be much smoother," says Eduardo Flores Herrera (photo) of Mexico's CNBV.
CNBV works with AMIB to roll out fund platforms
The CNBV's Eduardo Flores Herrera, who is responsible for supervising the creation of an open architecture framework and the financial institutions involved, said the new system would be up and running by December 2016.
CNBV plans to facilitate creation of investment funds
Andrés Rodríguez, deputy director general of the Investment Management Department of the CNBV, said the corporate structure under which an investment fund is set up could be adapted.
Compass Group sees a sluggish 2013 for funds
According to Luis Palacios, the group’s institutional sales director, important regulatory constraints will hold back growth in the sector.