MEXICO CITY, October 4, 2010 — With the Mexican debt capital markets showing signs of recovery in 2010, a unique opportunity exists to work with regulators and investors to improve corporate trust market standards and enhance existing investor protections, according to Juan Carlos Morales, president of BNY Mellon Mexico. Morales recently made his remarks at the 2nd Annual Trust Industry Conference in Mexico City entitled, "Mexican Trust Industry Perspectives."

With the local debt capital market recovering at a moderate pace, and reforms taking shape globally following the financial crisis, it's an opportune time for Mexico to address regulatory changes in the corporate trust industry that would bring it in line with the other G-20 nations," said Morales.

Morales proposed several changes that would help to meet global standards, add efficiencies and improve investor rights, including:

• Greater transparency around roles and responsibilities of the trustee, beneficiaries and administrative parties in a trust that will allow managing trustee expectations within the market;
• Market regulation around complex trust structures such as Entrepreneurial Trusts and Capital Development Certificates;
• Consistent standards in the application of tax practices.

"By improving regulatory and investor protections, and enacting standards that exist in many parts of the world, Mexico would send a strong message to the capital markets that it supports ongoing growth within a sensible regulatory framework," said Morales.

BNY Mellon has had a presence in Mexico since 1995, largely focused on marketing the company's depositary receipt, global payment, global trade and corporate trust services. BNY Mellon is the leading provider of cross-border corporate trust and agency services in Mexico and globally, servicing more than $11 trillion in outstanding debt.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK). Additional information is available at www.bnymellon.com.