(Adds details from Rodriguez speech)
MERIDA, Mexico, March 16 (Reuters) - Bank of Mexico
Governor Victoria Rodriguez vouched for the country's banking
system on Thursday, calling it robust and sufficiently liquid,
just days after banking woes struck lenders abroad, sparking
fears of wider contagion.
The head of Banxico, as the Mexican central bank is called,
spoke at an annual banking conference in the southern city of
Merida.
Rodriguez insisted in prepared remarks that the crisis
hitting the banking sector in the United States and Europe,
which includes the collapse of Silicon Valley Bank and market
turmoil that ensnared Swiss lender Credit Suisse, is not
expected to impact Mexican banks.
Rodriguez, a former deputy finance minister who was tapped
to lead Mexico's monetary authority by President Andres Manuel
Lopez Obardor in late 2021, added Mexico's banks are well
positioned to fuel growth going forward.
As many global supply chains faced bottlenecks in recent
years, Mexico has clear advantages for nearshoring, Rodriguez
said.
Nearshoring is the trend of moving production closer to
North American buyers and away from Asia, where supply-chain
snarls during the pandemic overshadowed the region's low-cost
advantage.
(Reporting by Valentine Hilaire and Noe Torres; Editing by
Sandra Maler and Christopher Cushing)
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