Regulatory Alerts2024-01-01 | JPRF-F-2024-0122Resolution JPRF-F-2024-0122: Adjustments to the Extraordinary Merger Process for Public and Private Financial Sector Entities
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2024-0122 to clarify and adjust the extraordinary merger process for public and private financial entities. The resolution updates regulatory articles to define the Bank Superintendence's role in selecting absorbing entities, mandates specific content for merger resolutions, and establishes post-merger supervision and zero-risk weighting for absorbed assets. These changes aim to enhance procedural clarity, ensure solvency, and streamline the absorption of financially deficient institutions.
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