The IMF has recently released its latest Financial Sector Assessment, a program that looks to review the financial health of 25 major financial sectors, as part of the IMF’s economic surveillance and monitoring. “Our assessment of Mexico’s financial system is very positive,” said Fernando Montes-Negret, a senior financial expert in the IMF’s Monetary and Capital Markets Department. The assessment, published on March 30, proves that Mexico has been implementing better tools for systemic crisis management and competent supervision, while going on to say that Mexico’s banking system is resilient and well capitalized. Stress tests also indicate that Mexico’s economic system would be capable of sustaining significant shocks. Due to Mexico’s important place in the global economy, it was important to monitor the country’s financial system and provide an assessment of its health. The IMF, along with a positive forecast, recommends a range of actions to further improve financial stability within Mexico such as:
• Fully implemented international banking regulation 
• Improve legal framework for derivatives
• Broaden regulatory and supervisory powers to financial and mixed activity groups
This year is busy for the IMF, which plans to evaluate 18 countries’ financial health—ranging from France and Spain to Argentina and Armenia—to spot any potential trouble on the horizon. For more information on the positive outcome of Mexico’s assessment, along with spotted risks and suggested actions, click here .