Regulatory Alerts2023-01-01 | JPRF-F-2023-086Resolution JPRF-F-2023-086: Reform of Credit Portfolio Segmentation and Risk Asset Classification Norms
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2023-086 to reform the credit portfolio segmentation norms for national financial system entities, specifically updating the definitions for productive credit and microcredit based on annual sales thresholds. The resolution establishes new subsegment classifications for productive credit (Corporate, SME, and Business) and microcredit (Retail, Simple Accumulation, and Extended Accumulation) to better align risk profiles with macroeconomic changes. These new parameters must be applied by financial entities starting March 1, 2024, with the resolution entering into force upon publication in the Official Register.
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