Regulatory Alerts2015-05-13 | JB-2015-3421Resolution No. JB-2015-3421 of the Banking Board
The Banking Board of Ecuador issued Resolution No. JB-2015-3421 to confirm its previous decision revoking an administrative act that had ordered Banco General Rumiñahui S.A. to repay deposit certificates to Daira María Levoyer Jiménez. The Board determined that the dispute regarding the repayment of these funds is a matter of a purely jurisdictional nature, falling under the competence of the ordinary courts rather than the regulatory authority. Consequently, the Board denied the user's appeal for reconsideration and formally withdrew from issuing any further pronouncements on the claim.
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