Regulatory Alerts2015-07-09 | JB-2015-3510Banking Board Resolution JB-2015-3510
The Banking Board of Ecuador issued Resolution JB-2015-3510 to resolve an administrative appeal filed by Gene Alcívar Guzmán, General Manager of Seguros Sucre S.A. The Board rejected the appeal and confirmed the previous administrative act that dismissed the insurance company's request for recusal of the supervising authority as improper. This decision was rendered under the transitional provisions of the Organic Monetary and Financial Code, which allowed the Board to continue processing pending claims during its transition period.
Share