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Banking and Finance

Financial support to customers from the Multiple Purpose Financial Institutions (SOFOM) and Non-regulated Entities (ENR) during COVID-19 times

May 4, 2020 / COVID-19 / Finance and Banking “Accession Agreements and Collection Offices” As a result of the health emergency generated by the COVID-19 virus, several financial institutions have sought to implement additional support measures for their current and prospective customers —whether individuals or legal entities— mainly in granting loans to help improve …

CNBV Communication. Provisions to face COVID-19 health emergency.

CNBV Communication. Provisions to face COVID-19 health emergency. April 9, 2020 / COVID-19 / Banking and Finance On April 8, 2020, the National Banking and Securities Commission (hereinafter, the “CNBV“) issued the Agreements and Provisions to Face the Contingency Derived from SARS Cov-2 (COVID-19)” no. 022/2020 [1], which are addressed to credit institutions in order …

Measures taken by Banco de México due to COVID-19.

Update – Circular 25/2020 – Provisional measures taken by Banco de México due to COVID-19 Pandemic. Updated on June 25, 2020 / COVID-19 / Banking and Finance Due to the circumstances derived from COVID-19 Pandemic, several provisional measures adopted by Banco de México (hereinafter, “Banxico”) were published in the Federal Official Gazette (FOG) on …

Measures adopted by Financial authorities (introduction)

April 15, 2020 / COVID-19 / Banking and Finance Measures adopted by Mexican financial authorities amid the contingency related to the pandemic created by SARS-CoV-2 (COVID-19) virus The world is facing a crisis generated because of the pandemic from COVID-19 —Mexico and its financial sector are no exceptions. The health authorities around the …

Components of a Program against corruption effective for companies

July 17, 2020 / Compliance / by Samuel Rivero I. Introduction The renewed approach against corruption and compliance laws and regulations has emphasized the importance of constructing and maintaining an effective compliance program within any company. There is no specific structure or program example that may be defined as the perfect one for …

Customer Service to Financial Service Users through technological tools

August 21, 2020 / Banking and Finance On August 11, the National Commission for the Protection and Defense of Users of Financial Services (hereinafter, “CONDUSEF“) published on the Federal Official Gazette, the “AGREEMENT by which it is informed to the public the continuity of the processes and procedures before CONDUSEF, as well as the …

Execution of agreements and operations in a remote manner through devices

August 14, 2020 / Banking and Finance Request of authorization to execute agreements andoperations in a remote manner through devices On July 29 the National Banking and Securities Commission (hereinafter, the “CNBV“) —in order to comply with Recommendation 15 of the Financial Action Task Force (hereinafter, the “FATF“) regarding the need of …

How to be part of the Financial Education Program in your CONDUSEF Institution?

August 18, 2020 / Banking and Finance The main purpose of the National Commission for the Protection and Defense of Users of Financial Services (hereinafter, “CONDUSEF“), pursuant to the Law for the Protection and Defense of Users of Financial Services, Article 1 (hereinafter, the “Law“) is to protect and defend the rights and interests …

Submission of digital documents before the Banco de México, such as data messages with electronic signatures

CIRCULAR 27/2020 addressed to financial entities and intermediaries in connection with the submission of digital documents before the Banco de México, such as data messages with electronic signatures.[1] On July 15, 2020, Banco de México (Banxico) published in the Federal Official Gazzette the Circular 27/2020 (Circular) through which the use of data messages with …

IFLR1000 Recognised Firm 30th edition

BGBG law firm and its partner Miguel Gallardo were ranked by IFLR 1000. BGBG has an extensive practice, rendering legal services in the finance, banking, compliance, securities, anti-money laundering, corporate, M&A, intellectual property, capital markets, privacy, real estate, energy, sports, entertainment, esport, infrastructure, government procurement, telecommunications, media, technology, insurance, reinsurance, litigation and dispute resolution …

Leaders League 2021

13 de julio 2021 / Reconocimientos BGBG law firm was recognized by Leaders League 2021 in Mexico in 12 rankings. Leaders League 2021 Rankings Leading Innovation, technology & telecoms – Ranking 2021 – Law firm – Mexico Innovation, technology & telecoms – Data protection law – Ranking 2021 – Law firm – Mexico …

Chambers Global 2021

BGBG law firm and its lawyer Miguel Gallardo was ranked by Chambers Global: BGBG’s Rankings in Chambers Global 2021 Miguel Gallardo Guerra Lawyer profile for Global 2021 Chambers Review Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses …

LACCA Approved 2021

Via Latin America Counsel Association / October 2020 The Latin American Corporate Counsel Association (LACCA) of the British Law Business Research group recognized Miguel Gallardo Guerra, BGBG partner, as one of the best lawyers in Mexico in the Banking & Finance and Corporate and M & A areas. Methodology The frequent …

Latin Lawyer National 2020

October 22, 2020 / Recognitions BGBG law firm was recognized as Latin Lawyer National Recommended Firm 2020. Latin Lawyer National is a new, comprehensive guide to Latin America’s largest legal markets. Complementary to the Latin Lawyer 250, it profiles a broad range of law firms, including boutique and multi-disciplinary firms, those offering advice on …

The Legal 500 Latin America 2021 edition TOP TIER FIRM in Mexico

Bello, Gallardo, Bonequi y García, S. C. has been recommended as a TOP TIER FIRM in 2 practice areas and been recommended in 5 practice areas in The Legal 500 Latin America 2021 edition. TOP TIER FIRM ►Mexico > Compliance ►Mexico > TMT RANKED FIRM ►Mexico > Banking and …

Innovation and Supervision: The New Regulatory Framework for Payment Networks in Mexico

FINANCE AND BANKING / by Miguel Gallardo Guerra On October 30, 2025, the National Banking and Securities Commission (CNBV) published on its …

Artificial Intelligence and Compliance: The New Ethical Dilemma in the Financial Sector.

FINANCE AND BANKING / by Miguel Gallardo Guerra Artificial intelligence is rapidly transforming how financial institutions manage operations, …

Smart Contracts in the Mexican Legal System: Opportunities and Limits.

FINANCE AND BANKING / by Miguel Gallardo Guerra The emergence of blockchain technology has introduced new legal concepts that challenge traditional …

Fintech and Sandbox: Is It Truly Useful for Innovation?

FINANCE AND BANKING / by Miguel Gallardo Guerra Since the enactment of the Law to Regulate Financial Technology Institutions, published in the …

e-KYC and Biometrics: Legal Risks and Best Practices

FINANCE AND BANKING / by Miguel Gallardo Guerra The implementation of electronic Know Your Customer (e-KYC) processes has revolutionized how …