Regulatory Alerts2015-07-09 | JB-2015-3514Resolution No. JB-2015-3514 of the Banking Board
The Ecuadorian Banking Board issued Resolution No. JB-2015-3514 to address an administrative review request filed by Alfonso Andrade Peñaherrera regarding the financial shortfall of the defunct SOLBANCO S.A. The Board determined that the authority to collect the patrimonial deficit and notify relevant adjustments lies exclusively with the Public Management and Execution Unit (UGEDEP), not the Banking Superintendence. Consequently, the resolution declines to rule on the appeal, citing that the matter falls under UGEDEP's jurisdiction based on the Organic Law for the Closure of the Banking Crisis of 1999 and subsequent regulations.
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