We are contributing to initiatives already under way at the local and national level, as well as collaborating with other regulators, community groups, policy organizations, financial institutions, and public officials in an effort to identify ways to prevent unnecessary foreclosures and the associated negative effects on local communities.
Regarding the latter sector, the Mexican banks have healthy balance sheets and are well capitalized, but some subsidiaries of European banks could nevertheless be impinged by events affecting their parents. 3  See, for example, Frankel, J. 2008, “Should Eastern European Countries Join the Euro?