Regulatory Alerts2022-01-01 | JPRF-F-2022-030Resolution No. JPRF-F-2022-030 Reforming Risk Asset Classification and Provisioning Provisions for Public and Private Financial Sector Entities
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-F-2022-030 to reform risk asset classification and provisioning rules for public and private financial entities. The resolution updates expected loss ranges and delinquency day thresholds for credit categories, extends temporary provisioning deferment mechanisms to mitigate pandemic impacts, and aligns regulations for the Popular and Solidary Financial Sector. These measures aim to ensure regulatory coherence, prevent regulatory arbitrage, and maintain the stability of the national financial system through December 31, 2022.
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