Regulatory Alerts2025-01-01 | JPRM-2025-009-GResolution JPRM-2025-009-G: Reforming Chapter II of the Regulations of the Audit Committee of the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2025-009-G to reform the regulations governing the Audit Committee of the Central Bank of Ecuador. The resolution updates the committee's composition, mandates the creation of an annual work plan, and clarifies the remuneration and independence requirements for external members. It also extensively details the committee's functions regarding financial statements, internal and external audit oversight, governance, and internal control systems.
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