A recent study by the Federal Competition Commission (CFC) found that in banking there are serious risks of monopoly , high consumer prices and profits "extraordinary" for their owners. commission president Eduardo Perez said the report concluded that there is still a problem of competition in retail banking to be remedied. Raised the solution to these problems through Additional legislative and regulatory actions.
To avoid oligopolistic structures , the official said, is needed to reduce barriers to new banks and reduce the capital required to open an institution. These statements
adds the position of The Economic Commission for Latin America and the Caribbean (ECLAC) in previous months hinted that there might be collusion between banks in Mexico on charging high interest rates and commissions to their clients.
Analysts said the commissions represent about one third of the income of banks in the country, for now Mexico banking is dominated by nearly 80 percent by six major banks, five foreign subsidiaries of Citigroup, BBVA Santander, Scotiabank, HSBC and Banorte Mexico.
must not forget that as more competition and attract more people into the financial system will benefit the country's economic development.
