Regulatory Alerts2025-01-01 | JPRF-T-2025-0153Unified Standard for Rating Agencies and Risk Rating Applicable to the Financial, Securities, and Insurance Systems
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-T-2025-0153 to establish a unified regulatory framework for credit rating agencies operating within the country's financial, securities, and insurance sectors. This regulation mandates the creation of a new Book V in the regulatory codification, defining strict requirements for agency licensing, minimum capital, and operational standards to ensure independence and technical rigor. It further establishes a Unified Rating Agencies System to coordinate information exchange among supervisory bodies and standardize risk assessment methodologies across all regulated financial entities.
Share