Regulatory Alerts2015-06-24 | JB-2015-3496Resolution No. JB-2015-3496 of the Banking Board of Ecuador
The Banking Board of Ecuador issued Resolution JB-2015-3496 to reject the administrative review appeal filed by Andrés Felipe Romo Molina regarding a coercive lawsuit initiated against him. The Board confirmed the previous communication from the Superintendent of Banks, clarifying that the legal action was based on his role as former administrator of the defunct Serfin Cooperative rather than his status as a direct debtor to Filanbanco. This decision upholds the validity of the coercive proceedings and the associated asset seizure measures.
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