trending Market Intelligence /marketintelligence/en/news-insights/trending/aACP-lnvPPwgZ_AYNAxftg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Mexican watchdog finds evidence of rigging in government bond market

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Report: Mexican watchdog finds evidence of rigging in government bond market

Mexican antitrust regulator Cofece has notified seven financial institutions that it discovered probable evidence of efforts to manipulate government bond prices, Bloomberg News reported, citing sources with knowledge of the matter.

The watchdog has been investigating the matter for nearly three years and could levy fines of up to 10% of a company's annual Mexican revenue if it finds them guilty.

The Bloomberg report did not name the banks involved, but according to a previous report, Cofece was probing Grupo Financiero HSBC SA de CV, Bank of America México SA, Grupo Financiero BBVA Bancomer SA de CV, Barclays Bank México SA, Grupo Financiero Citibanamex SA de CV, Grupo Financiero Santander Mexico SAB de CV and Banco JP Morgan SA for allegedly monopolistic practices in the trading of government securities in 2017.

In November 2018, Mexican banking and securities commission CNBV issued more than $1 million in fines on several global banks, as well as on traders and brokers, for simulating transactions to boost government bond trading volumes. However, the CNBV did not pursue criminal charges as it was unable to find proof of price manipulation.

A U.S. district judge recently dismissed a proposed class-action lawsuit that accused 10 companies of rigging the market for Mexican government bonds. The lawsuit was filed by eight pension funds alleging that the companies profited from the market manipulation.