Regulatory Alerts2024-01-01 | JPRF-F-2024-098JPRF-F-2024-098 — Reforming Chapter IX on Credit Portfolio Segmentation and Section II on Risk Asset Classification in the Monetary, Financial, Securities and Insurance Resolutions Codification
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2024-098 to amend specific chapters of the Monetary, Financial, Securities and Insurance Resolutions Codification regarding credit portfolio segmentation and risk asset classification. The resolution establishes that these regulatory norms apply prospectively, explicitly prohibiting their retroactive application to previously granted credit operations, including restructurings or refinancings. This measure aims to maintain the credit segment determined at the time of the original loan's concession to stimulate productive growth and financial stability.
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