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‘Flying’ CAME: Financial Is Intervened by the Government to Protect Savings
10 Articles
10 Articles
On Friday and at 8:45 p.m., the National Banking and Securities Commission (CNBV) announced that Came, the popular financial society (Sofipo), had intervened and closed branches since March, leaving more than a million savers without access to its resources.
On Friday, the National Banking and Securities Commission (CNBV) reported that it agreed to intervene as a management of the entity called the Microentrepreneur Assistance Council, S.A. de C.V., Sociedad Financiero Popular (Sofipo) CAME, in order to suspend its operations and thus safeguard the interests of savers.The intervention of the Sofipo CAME was agreed on June 9 by the Governing Board of the CNBV, to ensure the protection of savers' depo…
The National Banking and Securities Commission (CNBV) announced that Came, the popular financial society (Sofipo) that since March left more than a million savers without access to its resources. According to the CNBV, the decision was made by the Governing Board after valuing a series of [...]
Through a statement issued today, Friday, June 13, the National Banking and Securities Commission (CNBV) announced the drastic decision it made regarding CAME financial to protect savers.According to CNBV, during its session held on June 9, it decided to intervene as a management to the People's Financial Society (Sofipo) known as the Microentrepreneur Assistance Council (CAME).In this way the CNBV defined the suspension of operations of CAME, a…
The National Banking and Securities Commission (CNBV) took control of the management of the People’s Financial Society “CAME”, to safeguard the resources of one million 371 thousand 262 savers, after detecting accounting irregularities and a significant loss of capital, considered the lowest of the scheme and representing a situation of critical financial insolvency. The CNBV, has specified that the Council of Assistance to the Microentrepreneur…
The National Banking and Securities Commission (CNBV), the regulator of the Mexican financial system, intervened the operations of the popular financial company CAME after identifying irregularities that it considered to endanger the interests of savers.The Government Board of the CNBV agreed the intervention on CAME, whose official name is the Microentrepreneur Assistance Council, after presenting a “significant loss of capital” that makes it i…
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