Mexico’s National Banking and Securities Commission (CNBV) has said it will look into the possibility of conducting its own investigation of financial institutions for bad practices in securities exchanges, following announcements from Competition regulator COFECE that it will investigate seven banks for absolute monopolistic practices in this area.
The president of the CNBV, Jaime González Aguadé, explained that the COFECE’s process is independent of the CNBV’s activity. “if it is the case we will do ours in due time, knowing the market, and we will reach our conclusion “.
He recalled that the Commission, a few years ago, applied sanctions to some promoters over misconduct relating to ‘M’ Bonds, with some participants being banned and individuals fined. “With these same powers and with the same supervision as we had at that time, if we find something similar here we will also act.”
Full Content: El Economista
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI