Regulatory Alerts2025-01-01 | JPRF-F-2025-0139Resolution JPRF-F-2025-0139: Reforms to Credit Risk Management Norms for Savings and Credit Cooperatives and the National Corporation of Popular and Solidarity Finance
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2025-0139 to reform credit risk management norms for savings and credit cooperatives and the National Corporation of Popular and Solidarity Finance. The resolution updates definitions for 'installments' and 'persons subject to credit quota,' mandates specific Board and Committee responsibilities for monitoring linked operations and conflicts of interest, and standardizes credit rating criteria based on delinquency. These changes aim to enhance transparency and stability within the popular and solidarity financial sector by aligning internal controls with the Organic Monetary and Financial Code.
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