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Financial Sector

The financial system, as well as regulators and supervisors in our country, continues to face important challenges in terms of the implementation of standards.

The adoption of international standards, including Basel I and Basel II, prompt financial institutions to implement policies, procedures, and controls for all types of risks in their various business areas; however, the most important and representative area for markets is that of credit risk, as it is the most commonly valued risk and highly considered by banking supervisors.

The application of proportionality in regulatory and supervisory frameworks has become one of the central discussion topics for financial institutions. Russell Bedford offers a wide range of strategies and solutions through a group of Financial Services specialists. These will allow our clients to effectively address the implementation of new standards on a day-by-day basis and adequately plan the structure of risks and capital. In addition, the rapid development of new technologies brings potential benefits, as well as new challenges and risks for financial markets. The risks of cybersecurity, personal data protection, and the legal validity of biometric data are some of the relevant issues concerning the use of technology in the provision of financial products and services.

Analysts estimate that total deposits, total equity, and total loans in the banking system will increase in the coming years. The expectation of an increase in the previous variables could be explained by the development and growth of technology-based products and services (fintech). The rapid expansion of technological innovations in regards to financial services can result in a greater number of users and an increase in the access channels to the systems.

At Russell Bedford, we help entities in the financial sector to establish the most appropriate strategies regarding technology and business processes to achieve growth, while mitigating inherent risks and adequately managing their assets and capital.


We serve the needs of:

  • Capital Markets and Banking Sector
  • Non-banking Financial Sector:
    • Savings and Loan Cooperatives
    • Community-based Financial Institutions (Sociedades Financieras Populares)
    • Credit Unions
    • Multiple Purpose Financial Institutions (Sociedades Financieras de Objeto Múltiple - SOFOME)
    • General Deposit Warehouse (Almacenes Generales de Depósito)
    • Currency Exchange Providers
    • Money transmitters
  • Insurance and Finance

According to surveys conducted on the relevant economic aspects that will impact the financial sector, at the national level, these are:


  1. Interest rates as established by the FED
  2. Price of commodities
  3. Intra- and extra-regional policies
  4. Standards implementation
  5. Political transitions
  6. Exchange Rate (MXP/USD)
  7. Capital outflows
  8. New technologies
  9. Shadow banking
  10. The economic slowdown in China

Our services include, among others:

Business Consulting for Financial Sector Entities

Our purpose is to create the conditions that would allow for the design, elaboration, and implementation of methods and procedures that address the needs of each of our clients, in the following business areas:


Legal and Regulatory
  • Regulatory Compliance Analysis and Development of Prudential Reports
  • Strengthening of Internal Controls and Corporate Governance
  • Reviewing and monitoring changes regarding Legal Aspects to ensure compliance with regulations
  • Advisory services on accounting requirements and criteria
  • Data Migration for Accounting and System Structures
  • Appraisals
  • Filing and follow-up activities before the CNBV, CONDUSEF, and other authorities
  • Other services derived from observations issued by the Bank of Mexico, CNBV, CNSF, CONSAR, CONDUSEF, and the Auxiliary Supervision Committee


Operating Processes
  • General Operating Plan and Methodology for its monitoring and cost reduction
  • Financial planning
  • Strengthening of credit and collection processes
  • As part of financial restructuring processes, corporate restructuring and accounting methodology
  • Reduction of administrative expenses
  • Management of Institutional Capital and Collected Funds
  • Profitability Assessment for Businesses and Branches


Risk Management
  • Implementation of the Risk-Based Approach
  • Information technology
  • Cybersecurity / Data Protection

Audit Services
  • Opinion on Financial Statements
  • Support and external services regarding internal auditing
  • Regulatory Compliance Audit
  • Opinion, Validation, and Certification on Specific Processes


Anti-Money Laundering and Countering the Financing of Terrorism
  • Audit and Preparation of Annual Reports
  • Comprehensive Training Program
  • Design of Manuals/ Internal Controls/ Internal Structure
  • Risk-Based Approach
  • Audit and Implementation of Technology Systems that comply with regulatory requirements


Financial Technology (FINTECH) Institutions
  • Support in the process of authorization, establishment, organization, operation, and management of businesses and entities subject to the Financial Technology Institutions Law, including one of the following types of entities:
  • Electronic payment institutions
  • Crowdfunding institutions
  • Knowledge and advisory services on regulation and norms issued by the Bank of Mexico and the CNBV in terms of information security, protection of public interests, as well as prevention of money laundering and the financing of terrorism
  • Advisory services on Virtual Assets (Cryptocurrencies) regarding general requirements issued by the Bank of Mexico


The following are the parameters that frame our objective as a Firm in the provision of services to the financial sector:


We want to be a prestigious firm recognized in the financial sector for its high-quality services through specialized and certified professionals in the field.


To position Russell Bedford Mexico as a leader in consulting services to the financial sector.


In the short term, to provide services to 5% of the total market of Banking and Non-Banking Financial Entities in the country.

Contact the office nearest to you:

   Mexico City: Javier Jiménez   55-5262-4800
   Monterrey: Baldomero Riojas   81-8345-7000 
   Guadalajara: Ernesto López Acosta   33-3642-2003
   Mérida: Eduardo Crespo   99-9944-6868
   Culiacán: Francisco Gaxiola  66-7716-0832
   San Luis Potosí: Octavio Arenas  44-4811-9231
   Mexicali: Joel Torres  68-6516-3441
   San Luis Río Colorado: Daniel Beltrán  65-3534-6950
   Puebla:  Armando Águila   22-2245-5730
   Aguascalientes: Raymundo Martínez   44-9912-1554
   La Paz: Cipriano Ceseña   61-2129-3380
   Querétaro: Héctor Malo   44-2216-9329
   Cd. Juárez: Esteban Estrada   65-6687-8063
   Veracruz: Oscar Heredia   22-9375-2756
•   Chihuahua: Alejandro Montes   61-4413-1307
•   Nuevo Laredo: Gabino Carreño   86-7717-6471


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The personal attention is a plus that makes the difference in the service offered by Russell Bedford. Working with this firm, has been an enriching experience for our company, which has an impact in an improvement of our operations and outcomes. They are undoubtedly, a firm aimed on the quality of their services supplied.

Karla Dorantes Aguilar, Directora de Contraloría y Finanzas, Nortel Networks de México