Regulatory Alerts2022-01-17 | JPRF-G-2022-017Added · Updated
JPRF-G-2022-017 — Does Not Approve the Budget of BANECUADOR
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-G-2022-017 formally rejecting the 2022 budget proposal submitted by BANECUADOR B.P. This decision follows a non-favorable opinion from the Ministry of Economy and Finance, which cited discrepancies in the financial figures and strategic alignment. The resolution mandates that BANECUADOR prepare a revised budget proforma that strictly adheres to JPRF guidelines and incorporates specific recommendations from the Ministry.
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