What does it take to be deputy governor of Banxico?

With the departure of Esquivel, the Board was left with Victoria Rodríguez as governor and the deputy governors Irene Espinoza, Galia Borja and Jonathan Heath.

By Law, President López Obrador will be the one who appoints the members of the Banxico Governing Board and these must be approved by the Senate.

Who can be deputy governor of Banxico?

Article 39 of the Banxico Law mentions the requirements that the person appointed as a member of the Governing Board must meet:

“To be a Mexican citizen by birth who does not acquire another nationality, to be in full enjoyment of their civil and political rights and not to be over sixty-five years of age on the start date of the period during which they will hold office.

“Enjoy recognized competence in monetary matters, as well as having held, for at least five years, high-level positions in the Mexican financial system or in the dependencies, organizations or institutions that exercise authority functions in financial matters.

“For the designation of two of the five members it will not be necessary to satisfy the requirements set forth in the previous paragraph; but in any case, they must be distinguished professionals in economic, financial or legal matters. Neither of these two members may be appointed Governor before having completed three years in office, and

“Not having been sentenced for intentional crimes; disabled to engage in business or to perform a job, position or commission, in the public service or in the Mexican financial system; nor previously removed from the position of member of the Governing Board, unless the latter had been the result of physical disability already overcome.

The norm adds that the position for deputy governor will be for eight years, staggered, succeeding one another every two years, while for governor it will be six.

The members of the Governing Board must refrain from participating with the Bank’s representation in partisan political acts.

What has AMLO said?

On December 20, that is, 11 days before the position became vacant, President López Obrador said in his usual morning conference that there was already a proposal from the Treasury Secretariat to relieve Esquivel, however he refused to comment further. about.

Among the names that sound to join the Banxico Board are Gabriel Yorio, Undersecretary of Finance; Juan Pablo de Botton, current undersecretary of Expenditures of the same unit; Lucía Buenrostro, Vice President of Regulatory Policy at the National Banking and Securities Commission (CNBV); and Jorge Mendoza Sánchez, current head of the National Bank of Public Works and Services (Banobras).