Regulatory Alerts2024-01-01 | JPRF-F-2024-0135JPRF-F-2024-0135 — Reforms to the Section 'General Rules for the Operation of the Deposit Insurance System of the Private Financial Sector and the Popular and Solidarity Financial Sector'
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2024-0135 to amend the General Rules for the Operation of the Deposit Insurance System for the private and popular-solidarity financial sectors. The resolution establishes a fixed annual premium of 0.09% for 2025 and sets the target fund level for the private sector at 18.85% of covered deposits, with automatic reactivation of a 0.6% premium if the fund-to-deposit ratio falls to 13% or lower. These measures aim to ensure the financial stability and solvency of the deposit insurance system under the authority of the Financial Policy and Regulation Board.
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