Panel calls Cofetel the most ineffective regulator

A panel of experts sponsored by the Espinosa Yglesias Center for Studies issued a report evaluating the work of Mexico’s regulatory agencies. On a 10-point scale, the highest rated institution was the National Banking and Securities Commission (CNBV) with a 6.1 rating, followed by the Federal Competition Commission (CFC, 5.2), and the Energy Regulatory Commission (CRE, 5.1). In last place was the Federal Telecommunications Commission (Cofetel, 4.1). All the agencies were said to face the common challenges of “lack of an integrated vision of Mexican competitiveness, a duplication of functions, and uncertainty on their legal authority and mandate.” Cofetel was said to be “badly designed from its creation,” with the overlap of regulatory authority with the Ministry of Communications and Transportation (SCT), plus inadequate technical-legal staff expertise. (Reforma 3/3, CEEY 3/2)

Comments are closed.