The banking sector is concerned about the hard-left, anti-business rhetoric of the new Supreme Court president, Lenia Batres, but essentially, her approach is to reopen cases judged in the past. In this context, the banking sector is already asking President Claudia Sheinbaum to delay the appointment of the minister. For now, these cases provide a respite for the financial sector, but tension is not entirely defused, according to banking executives who spoke with LPO on condition of anonymity. Unlike a year ago, when there was still a negative sentiment towards the new Court, bankers' concern now is focused on Lenia Batres taking over as president of the Court next year when Aguilar's term ends. Months after the controversial change in the judiciary, the first rulings by the Supreme Court of Justice of the Nation (SCJN) have for the moment calmed the banking sector's worst fears, however, the alarms are not entirely off, as the change in the presidency of the Court is a concern. At the 89th Banking Convention, which this year brings together sector leaders in Cancun, there is greater calm regarding the new Court's direction: the actions taken in recent cases like GM, Telefónica, and Televisa, where the ruling was favorable to these three companies in lawsuits against the SAT, set a positive and precedent-setting tone. For bankers, the leadership of Minister Hugo Aguilar has been a positive development, as they mention that the head of the highest court is open to the business community. And it is that, for bankers, one of the biggest fears was precisely the risk of more litigation against the SAT with the new composition of the Court. One point that favors this proposal is that Lenia has a conflictive relationship with almost all ministers; it is enough to remember the clash with Estela Ríos, former legal advisor to former President Andrés Manuel López Obrador, regarding the Elektra case.
