Fobaproa the FONAPRE ("Fondo de Apoyo Preventivo a las Institiciones de Banca Múltiple" or "Fund of preventive support to banking institutions") was founded to preserve the financial stability of banks, with the government having banks as trustees. By 1987, a parallel finance industry had been created with brokering firms, investment societies etc. To continue attracting investors, interest rates increased at the Bolsa Mexicana de Valores, and with the crash in the New York Stock Exchange, the national banking system was deeply affected and another devaluation came as a result. In 1990, in an attempt to prevent situations similar to those of
Comisión Nacional Bancaria y de Valores that financial institutions implement preventive control mechanisms and audit verifies compliance with legal and administrative requirements, streamlines the information requirements of the Mexican banking system, and investigates breaches of regulations. Dieck Assad, F. A. (2006). "Instituciones financieras". México: McGraw Hill, 4a. ed. 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