LexLatin interviewed Luis A. Nicolau to get his point of view regarding the crisis that three non-bank financial sector companies in Mexico are experiencing today and its impact on the Mexican market.
Luis addressed the following questions:
- What is the origin of the situation that the Mexican non-bank financial sector is going through?
- What is the impact of the current global macroeconomic context?
- What is the impact of the pandemic on the performance of companies in the sector?
- Is it possible that, in addition to the three companies that have announced a complicated situation (Unifin, Crédito Real and Alphacredit), others will be affected?
- Is it possible to speak of a contagious effect?
- Could this crisis affect the Mexican banking system, taking into account that several banks are creditors of the aforementioned companies? Can the companies in the sector overcome the crisis affecting them?
"It is highly recommended that regulators take preventive measures, with appropriate pronouncements, and provide emergency funding, so that the appropriate non-bank intermediaries continue to serve sectors of the economy that are neglected by traditional banking".
