The competition between the stock exchanges in Mexico intensifies with tariff adjustments. The Institutional Stock Exchange (BIVA) seeks to strengthen its competitive position with a new price table that makes its operations up to 30 percent more economical than those at the Mexican Stock Exchange (BMV). These adjustments are expected to have a negative impact on the group's revenues for 2025. All signs point to evolving price competition, and it remains to be seen whether BIVA can gain ground in this market.
Banamex celebrates 20 years since it launched a pioneering project in the Mexican financial sector: the Financial Education area. This initiative, which began with Manuel Medina Mora and is now led by Juan Luis Ordaz and supported by Manuel Romo, has been fundamental in how support is provided to clients. Although the role of this area has evolved over time, it remains crucial. The anniversary will be celebrated with a series of conferences on the importance of financial education in Mexico.
Regarding natural disasters, it has been a year since Hurricane Otis hit Mexico, leaving severe damages in areas like Acapulco. The aftermath of Otis adds to the damages caused by Hurricane John in the same region. These events have represented significant costs for the Mexican insurance sector. Companies like AXA have paid substantial amounts to cover the damages. The need to increase the acquisition of insurance and better prepare for these natural phenomena is a challenge for the industry.
On another note, the Ministry of Environment and Natural Resources (Semarnat), led by Alicia Bárcena, faces the challenge of climate change in Mexico. A national environmental restoration program is proposed, emphasizing the conservation of mangroves to prevent flooding and provide protection against hurricanes. The urgency to act quickly against the effects of climate change is a priority for Semarnat.
Regarding regulation, the presentation of a bill in the Congress of Mexico City is expected to regulate the use of data in artificial intelligence systems in public entities. This proposal, which has the backing of INFOCDMX and the Government Innovation Agency of CDMX, aims to safeguard citizens' privacy regarding the use of their data in government services utilizing artificial intelligence. The initiative seeks to establish limits and filters to protect the information used by artificial intelligence in the city's public administration.
