Mexican Antitrust Agency Targets Banking Industry

Law360, New York (April 25, 2007, 12:00 AM EDT) -- Mexico’s antitrust watchdog has turned its focus on the banking industry, reportedly urging lawmakers to take measures to increase competition in the sector by making it easier for new lenders to enter the market and giving the central bank more power to regulate bank fees.

Mexico’s antitrust chief, Eduardo Perez-Motta, said at a press conference on Tuesday that authorities should lower the initial capital required to open a bank, which is expected to rise to about 400 million pesos ($36.4 million) at the end of the...
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