Regulatory Alerts2026-01-01 | JPRFM-2026-015-FJPRFM-2026-015-F — Approves Reforms to the Regulation Governing the Asset and Liability Exclusion and Transfer Scheme (ETAP)
The Financial and Monetary Policy and Regulation Board (JPRFM) of Ecuador has approved reforms to the Asset and Liability Exclusion and Transfer (ETAP) regulations to enhance the stability and transparency of the national financial system. These changes establish a mandatory priority order for transferring liabilities during partial exclusions, define the 'Least Cost Rule' for Deposit Insurance Corporation interventions, and mandate specific reporting requirements for temporary administrators. The reforms also ensure adequate liquidity for labor obligations and clarify the procedural steps for finalizing the liquidation of unviable financial entities.
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