Regulatory Alerts2025-01-01 | JPRF-G-2025-0168Resolution JPRF-G-2025-0168 Approves the Budget of the Bank of the Ecuadorian Social Security Institute (BIESS) for the 2025 Fiscal Year
The Financial Policy and Regulation Board (JPRF) issued Resolution JPRF-G-2025-0168 to formally approve the 2025 budget for the Bank of the Ecuadorian Social Security Institute (BIESS). The resolution mandates strict adherence to public financial sector management norms, requiring the BIESS to monitor funding sources, reduce mortgage portfolio delinquency, and mitigate operational risks. Additionally, the BIESS is ordered to submit the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days of the resolution's issuance.
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