Feb 11 • 07:46 UTC 🇲🇽 Mexico El Financiero (ES)

They did this to them at the National Palace, for being corrupt?

The article discusses the corrupt practices at the National Palace in Mexico, focusing on the failures of the CNBV under Ángel Cabrera's leadership.

The article from El Financiero delves into allegations of corruption surrounding the Comisión Nacional Bancaria y de Valores (CNBV) and its recent leadership under Ángel Cabrera. It highlights a troubling silence within the organization, suggesting that Cabrera is avoiding taking action that might reveal the corrupt activities of his predecessor, Jesús de la Fuente. The author expresses concern over the CNBV's decline in efficacy, stating that it has failed to supervise or monitor the financial sector properly, leading to widespread apprehension among stakeholders.

The criticisms further extend to the lack of accountability regarding financial institutions such as Came and Kubo Financiero, with the author arguing that the CNBV owes savers clear explanations about the financial states of these companies. The article points out that Kubo Financiero was rescued from imminent bankruptcy through actions taken by Cabrera and Alfredo Navarrete, yet questions remain about the transparency of these dealings and the potential irregularities involved. This failure to communicate and the apparent collusion within the CNBV raises significant concerns about the governance and oversight in Mexico's financial sector.

Overall, the article paints a bleak picture of the current state of financial regulation in Mexico, drawing attention to the need for reforms and the importance of maintaining integrity within institutions that are supposed to safeguard the financial interests of the public. The implications of this story extend beyond mere administrative failings, highlighting a potential crisis of trust in the regulatory bodies responsible for protecting citizens' savings and investments.

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