Regulatory Alerts2023-01-01 | JPRF-F-2023-093Resolution JPRF-F-2023-093 Replacing Risk Levels with Risk Profiles for Deposit Insurance Premium Calculation
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2023-093 to replace static risk levels with dynamic risk profiles determined by the supervisory authority using the Risk-Based Supervision (SBR) methodology. This change modifies Articles 16 and 28 of the general norms for the private and popular and solidary financial sector deposit insurance system to align premium calculations with current supervisory assessments. The resolution mandates quarterly notifications of risk profiles to COSEDE and establishes specific annual premium rates ranging from 0.01% to 0.05% based on the assigned risk category.
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