The vibe inside Mexican banking
A yearly convention gets bankers down to brass tacks with the government.
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The yearly gathering of Mexico’s bankers has always hosted Mexican government officials. This time the feeling was different—and not in the way described last year with the arrival of a freshly-minted president Claudia Sheinbaum, whose administration has been seen as more pro-business than her predecessor’s.
The difference is one of tension—but in a good way, Fernando Gamez Carrillo, a compliance and risk manager in the Mexican banking sector, told The Mexico Political Economist.
“Both sides are challenging each other—in a good way. There is a sense of mutual responsibility,“ he said.
For first time it feels like both sides actually want to talk to each other. The resulting conversations consequently feel more like negotiations. Both sides agree the direction they want the country to go in—towards more investment and economic growth. It is the way each wants to get there that they are currently working out.
To get there, the Mexican banking sector had to wrestle with three fundamental questions at this year’s Banking Convention in Cancún:
