Regulatory Alerts2023-12-28 | JPRM-2023-026-MAdded · Updated
JPRM-2023-026-M — Reforming Reserve and Liquidity Requirements Regulation
The Monetary and Regulatory Policy Board of Ecuador issued Resolution JPRM-2023-026-M to amend the reserve and liquidity requirements for public, private, and popular and solidarity financial sectors. The resolution establishes differentiated reserve percentages based on entity type and asset size, specifically setting rates of 5.0%, 4.0%, 3.5%, and 2.0% for various institutions. This regulatory update, which supersedes previous transitional provisions, enters into force on January 1, 2024.
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