Mexico regulators ordered bank stress tests to model Trump victory: sources

10/19/16 Reuters

trumpMexico’s financial authorities ordered the country’s banks to conduct stress tests to assess the potential impact of Republican candidate Donald Trump winning the upcoming U.S. presidential election, sources said on Wednesday.

Alongside a normal annual stress test, the banks were asked to conduct an additional test to examine the macroeconomic effects and volatility resulting from a potential Trump victory on Nov. 8, six banking sector sources said.

In a statement last month, the Financial System Stability Board (CESF) said that as a result of the ongoing risk surrounding the U.S. election and an expected tightening in Federal Reserve monetary policy, it had examined the results of stress tests of the country’s financial system.

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