In addition, the Board prohibited financial holding companies from owning commodity transportation, storage, extraction, or refining facilities under complementary authority. Moreover, companies are required to demonstrate risk-management processes sufficient to support their activities and to put in place additional risk mitigants, such as insurance.
On the back of expected higher U.S. growth, a gradual recovery of the Mexican economy this year and next is predicted. The Bank of Mexico’s GDP interval forecast is for 2- to 2.8percent growth in 2014, and 3.2- to 4.2-percent growth for next year. Analysts’ consensus point forecasts currently fall within these ranges.7 Some risks to these forecasts persist.