Regulators in Mexico have raised the stakes on the country’s foreign-owned banks, urging them to list on the Bolsa Mexicana de Valores (BMV), the national stock exchange, at a time when banks are facing tighter capital provisions worldwide.
A proposed rule says all banks which issue subordinated debt will have to make it convertible into publicly traded shares and list themselves on Mexico’s stock exchange if they want the debt to count towards their capital ratios. The rule is expected to take effect in the second half of 2013.
