Regulatory Alerts2023-12-29 | JPRF-F-2023-094Added · Updated
Resolution JPRF-F-2023-094: Reforming Deposit Insurance Norms for Fixed Premium and Extraordinary Contribution for 2024
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2023-094 to amend the General Norms for the Operation of the Deposit Insurance System for 2024. The resolution establishes a fixed premium rate of 0.06% for private financial sector entities and introduces an extraordinary contribution mechanism of up to 1% when the insurance fund's coverage ratio falls below 13%. These measures aim to maintain the fund's target level of 17.23% and ensure the financial stability of the deposit insurance system.
More like this from BCE
BCE published 2 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share