Economy of Mexico banks”, bonded warehouses, bonding companies and foreign-exchange firms. A wave of acquisitions has left Mexico's financial sector in foreign hands. Their foreign-run affiliates compete with independent financial firms operating as commercial banks, brokerage and securities houses, insurance companies, retirement-fund administrators, mutual funds, and leasing companies. Mexico has a single securities market, the Mexican Stock Exchange (Bolsa Mexicana de Valores, known as the Bolsa). The market has grown steadily, with its main indices increasing by more than 600% in the last decade. It is Latin America's second largest exchange, after Brazil's. The total value of the domestic market capitalization of the
Comisión Nacional Bancaria y de Valores Comisión Nacional Bancaria y de Valores In Mexico, the Comisión Nacional Bancaria y de Valores (CNBV) () is an independent agency of the Secretariat of Finance and Public Credit (Mexico) (SHCP) body with technical autonomy and executive powers over the Mexican financial system. Its main role is to supervise and regulate the entities that make up the Mexican financial system, in order to ensure its stability and proper operation, and to maintain and promote the healthy and balanced development of the financial system as a whole, in protecting the interests of the public. The Chairman since December 2012 is economist