Regulatory Alerts2025-01-01 | JPRM-2025-011-GResolution JPRM-2025-011-G: Reforming the Governance Codification of the Monetary Policy and Regulation Board and the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2025-011-G to amend its Governance Codification by integrating Board members and the Director of the Banking Audit Directorate into key institutional committees. The resolution updates the Internal Audit Policy to align with global standards from The Institute of Internal Auditors and redefines the audit directorate's scope to include risk-based prospective analysis. Additionally, the resolution repeals a previous 2023 resolution regarding the commercialization of gold acquired from artisanal miners.
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