Financial system

The financial system seeks the efficient allocation of resources among savers and borrowers. 

A healthy financial system requires, among other things, efficient and solvent financial intermediaries, efficient and deep markets, and a legal framework that defines clearly the rights and obligations of all agents involved. In order to foster the sound development of the financial system and protect the public interest, Banco de México permanently monitors the institutions that comprise this system, proposes reforms to the legislation in force, and issues regulations in the areas under its authority.

• n finance, the financial system is the system that allows the transfer of money between savers and borrowers. It comprises a set of complex and closely interconnected financial institutions, markets, instruments, services, practices, and transactions.
  
  
• The complex of institutions, including especially banks and the government and international institutions that regulate them, that facilitate payments and link lenders with borrowers and investors with the assets they invest in. ...
  
  
• An information system, comprised of one or more applications, that is used for any of the following: collecting, processing, maintaining, transmitting, and reporting data about financial events; supporting financial planning or budgeting activities; accumulating and reporting cost information ...
  
  
• The accounting segment of the Colleague system that consists of the following financial modules: Purchasing, Accounts Payable, Accounts Receivable/Cash Receipts, General Ledger, Pooled Investments, Budget Management, Fixed Assets, Inventory and Facilities Management. ...