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.
In particular, during July and August, the latest months for which full production data are available, the General Indicator of Economic Activity (IGAE), a monthly GDP proxy, exhibited a year-on-year average rate of growth of 3.8 percent, slightly higher than the corresponding figure in the previous quarter.