Regulatory Alerts2022-01-01 | JPRF-F-2022-052Resolution No. JPRF-F-2022-052: Extension of the Extraordinary and Temporary Financial Relief Mechanism until March 31, 2023
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-F-2022-052 to extend the validity of the Extraordinary and Temporary Financial Relief Mechanism for the public, private, and popular and solidary financial sectors from December 31, 2022, to March 31, 2023. This extension, requested by BanEcuador to reduce non-performing loans and align with government sustainability goals, applies the relief measures to all national financial system sectors. The resolution also mandates monthly reporting of refinancing and restructuring operations to the respective supervisory authorities and the Board.
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