Amid a series of changes in the financial sphere, the Mexican Banking Association (ABM) issued a reproach, stating that these modifications have been more than expected, generating local uncertainty for the sector. In an assessment of the end of 2025, Emilio Romano, head of the ABM, acknowledged that "it has been a year with more changes than we would have expected," referring to various initiatives in the regulatory and fiscal realms. In this sense, the head of bankers noted that the expectation is that next year they will no longer face such far-reaching changes, and therefore that it will be "more predictable" for the sector. "Stability and predictability are very important for banking so that we can build and invest in the long term," he said. Sanctions against Mifel and Base are concerning the banking sector, which fears more pressure from Sheinbaum. As LPO previously reported, strong discomfort is already brewing in the business sector due to changes ranging from adjustments to tax deductions on fees that banks pay to the Institute for the Protection of Bank Savings (IPAB), to the initiative to reduce rates charged for card payments, and the proposal to streamline the cancellation of credit cards. In addition to these measures, the banking regulator, the CNBV, recently issued a series of sanctions against Mifel and Base, which caused some alarm in the sector.
Mexican Banking Sector Concerned by Unexpected Changes
The Mexican Banking Association (ABM) stated that financial changes have exceeded expectations, causing uncertainty. ABM head Emilio Romano called 2025 a year with too many changes and called for more sector predictability. Sanctions against Mifel and Base have alarmed business circles.