Regulatory Alerts2025-01-01 | JPRM-2025-012-AResolution No. JPRM-2025-012-A — Reforming Resolution No. JPRM-2024-021-A of October 17, 2024
The Monetary Policy and Regulation Board of Ecuador issued Resolution No. JPRM-2025-012-A to amend its previous recognition decree following the death of security officer Armando José Zabala Zurita from wounds sustained during an October 2024 ambush. The resolution formally expresses grief for the two fallen officers, establishes the 'Arias-Zabala Outstanding Performance Recognition' award, and mandates commemorative plaques and the renaming of security operation centers at the Bank of Ecuador's Guayaquil and Cuenca branches. It further instructs the Bank's Administrative and Financial Management to create implementation guidelines and annual award procedures within one month of publication.
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