The National Banking and Securities Commission (CNBV) extended the validity of the special accounting criteria (cce) that it launched last March in one month. With this measure, the authorities extend until July 31 the regulatory flexibilities so that institutions, both public and private, can receive and process requests to restructure consumer, housing and commercial loans.

The announcement was made this Monday, June 29. The undersecretary of Finance and Public Credit, Gabriel Yorio González, stressed that the decision seeks to provide one more month for financial institutions to give way and can conclude with the restructuring processes that bring in pipeline.

Complete article (Spanish)