Regulatory Alerts2023-01-01 | JPRF-F-2023-061Resolution No. JPRF-F-2023-061: Incorporation of a Transitional Provision in Chapter XVIII on Risk Asset Classification and Provisioning for Public and Private Financial Sector Entities
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-F-2023-061 to incorporate a transitional provision into the Codification of Monetary, Financial, Securities, and Insurance Resolutions. This resolution mandates that productive segment credit borrowers with amounts under US$100,000 be classified by delinquency until June 30, 2023, while larger credits retain internal tracking models. Additionally, the Banking Superintendence is required to submit a detailed report on the review of expert model parameters for productive credit operations exceeding US$40,000 by April 30, 2023.
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