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Banxico Wins Respite on Law It's Trying to Block

Mexico Central Bank Wins Respite on Law It’s Trying to Block
Bloomberg
12/14/2020
Michael O Boyle and Matthew Bristow
© Bloomberg
The logo for Mexico s central bank, the Banco de Mexico, is displayed on the exterior of its headquarters building in Mexico City, Mexico, on Tuesday, March 15, 2016.
(Bloomberg) Mexico’s central bank won a respite when a bill that could force it to buy money of dubious origin was left off the congressional agenda for Monday.
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Banco de Mexico’s efforts to derail the proposal also got a boost when the country’s private banks and the most influential business lobby came out in support of the central bank on Sunday. ....

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Mexico Central Bank Wins Respite on Law It's Trying to Block

Mexico Central Bank Wins Respite on Law It’s Trying to Block
Bloomberg
12/14/2020
Michael O Boyle and Matthew Bristow
© Bloomberg
The logo for Mexico s central bank, the Banco de Mexico, is displayed on the exterior of its headquarters building in Mexico City, Mexico, on Tuesday, March 15, 2016.
(Bloomberg) Mexico’s central bank won a respite when a bill that could force it to buy money of dubious origin was left off the congressional agenda for Monday.
Popular Searches
Banco de Mexico’s efforts to derail the proposal also got a boost when the country’s private banks and the most influential business lobby came out in support of the central bank on Sunday. ....

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Mexico Central Banker Says Contentious Bill Would Aid One Firm

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(Bloomberg) One company would be the main beneficiary of contentious legislation to force the central bank to buy potentially dirty dollars from Mexican banks, a deputy central bank governor said on Saturday.
“There are quite a few arguments against the reforms to the Banco de Mexico law. One of the most important is that it is not worth reforming a law to favor a single company, especially one with a negative record with the U.S. SEC,” Banco de Mexico deputy governor Jonathan Heath said on Twitter.
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