Regulatory Alerts2023-01-01 | JPRM-2023-011-GResolution JPRM-2023-011-G — Regulation on Institutional Committees
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2023-011-G to formally establish and regulate the creation, composition, and operational procedures of nine institutional committees within the Central Bank of Ecuador. The regulation mandates standardized governance structures, including defined leadership roles, strict protocols for session convening, quorum requirements, voting mechanisms, and minute documentation, while applying to all committee members and national public servants. It further delineates specific mandates, membership compositions, and meeting frequencies for key committees such as Assets and Liabilities, Comprehensive Risk Management, and Monetary and Financial Stability to ensure coordinated institutional oversight and regulatory compliance.