Regulatory Alerts2023-01-01 | JPRM-2023-013-MResolution JPRM-2023-013-M: Regulation of Reserve Requirements and Liquidity Reserves
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2023-013-M to unify and update regulatory norms regarding reserve requirements and liquidity reserves for public, private, and popular and solidary financial sectors. The resolution establishes specific reserve percentages based on entity type and asset size, defines eligible assets for meeting these requirements, and mandates compliance through a phased implementation schedule extending through 2025. It further outlines monitoring procedures, reporting obligations, and sanctions for non-compliance to ensure the stability and security of the national financial system.
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