Mexico's National Banking and Securities Commission (CNBV) has ordered a management intervention in Consejo de Asistencia al Microemprendedor, S.A. de C.V., Sociedad Financiera Popular (CAME), suspending its operations to safeguard depositors and preserve the stability of Mexico’s popular savings system. The CNBV’s Governing Board took the decision after assessing elements indicating accounting irregularities that put savers’ interests at risk. The CNBV reported that CAME has a significant capital loss that places it in category 4 of the Capitalisation Level (NICAP), with evident financial insolvency. A revocation procedure for non-compliance with capital requirements for credit and market risks was notified on 21 May and remains in progress. The intervention, based on Articles 75 and 78 of the Popular Savings and Credit Law, follows supervisory visits conducted since March and the issuance of preventive measures; deposits are covered by the Protection Fund up to 25,000 UDIS per natural or legal person, regardless of the number and type of operations.
Mexico Comision Nacional Bancaria y de Valores (CNBV) 2025-06-13
Mexico's National Banking and Securities Commission orders management intervention in Sofipo CAME to suspend operations
Mexico's National Banking and Securities Commission (CNBV) has intervened in Consejo de Asistencia al Microemprendedor, S.A. de C.V., Sociedad Financiera Popular (CAME), suspending its operations due to accounting irregularities and significant capital loss. CAME is in category 4 of the Capitalisation Level (NICAP), indicating financial insolvency. A revocation procedure for non-compliance with capital requirements is ongoing, with deposits covered by the Protection Fund up to 25,000 UDIS.