The consumer outlook index registered an all-time largest quarter-on-quarter increase since the start of the nationwide survey in Q1 2007. At the same time, the confidence index for business showed marked improvement after declining for four consecutive quarters.
However, the agenda for financial authorities needs to embrace the further enhancement of micro-prudential standards for banks, such as capitalization and liquidity requirements; macro-prudential measures to detect early systemic risk factors and counteract them; and the design of an expedient bank resolution mechanism.6 Economic outlook During the third quarter of 2011, the Mexican economy continued the process of recovery that began two years earlier.