The destruction of regulators – El Sol de México

A la Comisión Nacional Bancaria y de Valores la dejaron en los huesos en los last yos. Sobrevive as you can and nothing more. But, although this is the case of the serious mayor, it is not the only economic surveillance and regulation body in a state of calamitosis. Including the reputation of the central bank which is seriously affected by a sudden loss of talent which will be very costly for the country.

This is because during these weeks, the candid theme for the loss of human capital is attached to the public sector and localized to the judicial power. And with good reason. Presumably, judges and magistrates at the federal level will tend to leave their employees in judges after years of accumulated experience. I refer particularly to those who have a long career of honest professional practice. But I am not the son of the only ones. (Yes, that’s not an excuse).

In recent years, various regulatory and supervisory bodies of the financial sector have been affected (some serially) by a political miope of the government fincaded in the estrechez of miras (like frozen salaries) and in ideology, obliged to renounce the centenarians of civil servants Highly qualified publics and with years of experience accumulated in their environments.

The most dismal case is that the National Banking and Securities Commission, the (for many) most important regulator and supervisor of the country’s financial system. A technical body responsible for the authorization, regularity, sanction and step-by-step monitoring of the proper functioning of commercial banks, development banks, holding houses, inversion funds, inversion investors, unions credit, savings and loan cooperatives. , popular financial companies, the famous Fintech, credit unions, sofomes, change houses, among others. A task – in any part of the world – that requires extensive experience, technical knowledge and professional and ethical solvency. Thus, the policy of the previous government – an incredible parezca – destroyed the human capital that was (with the decision that the Commission had three presidents in the previous sex) as income and incompetence were driven by frequent comments between the regulated propios.

It is lamentable – in addition, the loss of the authority of the Commission itself – that, for this additional reason, the financial system is not the reliable facilitator of the resources that the economy requires for its creation, at a time when it is becoming new players in the sector. , with new technologies and, also, new risks.

A less serious case, but for him no less important, is that which occurred with the human capital of the Bank of Mexico in recent years with the exit of the knowledge centers of experienced civil servants. In other cases, among others that we have commented on more effectively, the destruction of the talent trained over the years has (and will tend) enormous costs for our financial system, while – ingeniously – we have the illusion that we want to compete in the big leagues. Más vale que un ponga ponga à ce destruction; again, I testo, that the register of public waste comes agudizará -aún más- la sangría.

Colofon

The economy’s fund in August and the flat trend of sales on the menu in the first month of the year, there is a notice of brake which could come in the arrangement of 2025 with a strong contraction of public gas.

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