These Are the Good Old Days: Foreign Entry and the Mexican Banking System. Aldo Musacchio, January 10, 2013, Paper. "In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico’s largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has been a dramatic shift in the ownership structure of Mexico’s banks. For instance, while in 1991 only one percent of bank assets in Mexico were foreign owned, today they control 74 percent of assets. In no other country in the world has the penetration..." Link verified March 27, 2014