CNBV

The CNBV (Comisión Nacional Bancaria y de Valores) is Mexico’s banking and securities regulator, operating as a deconcentrated agency of the Secretaría de Hacienda y Crédito Público (SHCP), the country’s finance ministry. Mexico’s Congress created it in 1995, merging the National Banking Commission, which dated to 1924, with the National Securities Commission, in place since 1946, into a single supervisor. The CNBV authorizes, regulates, supervises, and sanctions the institutions that make up Mexico’s financial system, including banks, securities firms, and other financial entities, with the goal of keeping the system stable, transparent, and trustworthy for the public. Oversight of the banks that connect to Mexico’s real-time interbank payment system sits with the CNBV.

See also: SPEI and What is SPEI? for the payment system CNBV-supervised banks use to move money.