[ad_1]
MEXICO – The ruling Senate party, Morena, on Thursday introduced a reform bill banning the collection of bank fees in Mexico, which account for 30 percent of the sector's revenue in the country.
"The alarming and excessive abuse of bank charges to the detriment of Mexicans is more evident when it is stated that revenue from the collection of this concept amounted to more than 108,000 million pesos in 2017, or 8% of more than in 2016, "he said. the initiative presented by Senator Ricardo Monreal.
The proposal, which sank the actions of the bank on the Mexican stock exchange (BMV) , has generated favorable and unfavorable reactions from specialists.
Lee: Morena does not ban billing without listening to banks, Monreal promises
"Although this is not a bad measure for the population, it is undoubtedly radical changes that frighten investors (…) It is particularly worrying to see that later decisions will not work for the public. country." said Gerardo Copca, an analyst at the MetAnálisis consultancy, according to Reuters.
Georges Hatcherian, a Mexican bank analyst at Moody's, said Moreno's proposal was negative for Mexican banks, as it would affect their profitability and create uncertainty as to the direction that the new Mexican government will take with regard to the independence of the central bank. "Since he claims that the measures taken by Banxico to regulate commissions have been inadequate".
The conversation around the initiative has also reached social networks.
Lee: Mexican banks charge more than in their host countries, says Condusef
If a # Morena @RicardoMonrealA the bank commissions seem expensive, ok! Legislate to further open the market to competition, especially new technologies Fintech, that own @Banxico unfortunately he poses restricted more
– Guillermo Barba (@memobarba)
November 8, 2018
Shut up @BMVMarkets with a loss of 5.75% caused by the bill that would prohibit charging fees to banks. It's one thing to regulate commissions and another to ban them. The war against the market continues.
– Ezra Shabot (@ezshabot)
November 8, 2018
The exchange rate Hitting the banks, that is hitting the financial system which is the blood that oxygenates the economy. What a bad sign and at what speed, the next administration and its legislators probably ignore the fragility of trust. pic.twitter.com/jDp6EzvUNT
– Rodrigo Pacheco (@Rodpac)
November 8, 2018
Lee: Scotiabank Mexico announces a change of rudder for next year
Those of us who live in other countries have been struck by the fact that it is here in our own country that banks charge us extra fees. It's unacceptable and they did their month of August. That's why I agree that Congress regulates them.
– @CesarAstudilloR (@cesarastudillor)
November 8, 2018
The only ones who will oppose this to reduce or eliminate bank fees will be the banks and the banks' mothers.
Things I never thought I would say, but good for Ricardo Monreal.
– Esteban Illades (@esteban_is)
November 8, 2018
Here is a good initiative that will benefit citizens / consumers currently exploited by banks that charge excessive or excessive fees. ? https://t.co/PysUxGW091
– Denise Dresser (@DeniseDresserG)
November 8, 2018
Former President Felipe Calderón said that this initiative would affect "the poor" because of a possible reduction in investment, growth and employment.
Banks collapsed on the Mexican stock exchange following Morena's proposal to scrap commissions. The economy continues to feel the limited economic responsibility of Congress. The poor will be more affected by a decline in investment, growth and unemployment. https://t.co/nNvUBJ8Zzb
– Felipe Calderón (@FelipeCalderon)
November 8, 2018
We recommend: the peso loses more than 1% at the close after the announcement of the Fed
[ad_2]
Source link
