Resolution No. JPRFM-2026-027-F: Review of the Semi-Annual Activity Report of the Board of Directors of the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund for the Second Semester of 2025

RESOLUTION No. JPRFM-2026-027-F
THE FINANCIAL AND MONETARY POLICY AND REGULATION BOARD

CONSIDERING:

That, Article 226 of the Constitution of the Republic of Ecuador prescribes that public servants and persons acting by virtue of state authority shall exercise only the competencies and powers attributed to them in the Constitution and the Law;

That, Article 227 ibid states that Public Administration constitutes a service to the community governed by the principles of effectiveness, efficiency, quality, hierarchy, coordination, planning, among others;

That, the first paragraph of Article 303 of the constitutional norm determines that the formulation of monetary, credit, exchange, and financial policies is the exclusive faculty of the Executive Function and will be implemented through the Central Bank of Ecuador;

That, on October 13, 2025, the Organic Reformatory Law of the Organic Code of the Monetary and Financial System was published in the Sixth Supplement of the Official Register No. 142;

That, Article 13 of the Organic Code of the Monetary and Financial System creates the Financial and Monetary Policy and Regulation Board, part of the Executive Function, as an entity with functional, technical, and institutional autonomy, and in its decisions, responsible for the formulation of monetary, credit, financial, securities, insurance, and prepaid comprehensive health care services policy and regulation. The Financial and Monetary Policy and Regulation Board shall be the highest governing body of the Central Bank of Ecuador;

That, Article 17 of the referred Code, in its pertinent part, determines that:

"(...) All norms and policies issued by the Financial and Monetary Policy and Regulation Board in the exercise of its functions, duties, and powers must be backed by duly substantiated technical and legal reports (...)";

That, Article 18 ibid establishes the specific functions of the Financial and Monetary Policy and Regulation Board, in the financial sphere, especially in its

RESOLUTION No. JPRFM-2026-027-F

numeral 11 empowers this Institution to review the reports that, within the scope of its competencies, the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund presents;

That, Article 24 of the same Code provides that the acts of the Financial and Monetary Policy and Regulation Board enjoy the presumption of legality and shall be expressed through resolutions that will have mandatory force, which shall govern from their publication in the Official Register, or from the date of their issuance when so determined by the Board, in accordance with the subject matter;

That, Article 25.2 ibid determines that the Technical Secretariat of the Financial and Monetary Policy and Regulation Board is exercised by the Central Bank of Ecuador, and Article 25.3 establishes as its functions to provide technical and administrative support to the Financial and Monetary Policy and Regulation Board and any others assigned to it by said Board;

That, Article 85 numeral 4 ut supra establishes, among the functions of the Board of Directors of the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund, to report semi-annually or upon request of the Financial and Monetary Policy and Regulation Board regarding its activities;

That, General Provision Twenty-Ninth of the Organic Code of the Monetary and Financial System states: "In current legislation where mention is made, indistinctly, of the Monetary and Financial Policy and Regulation Board, the Monetary Policy and Regulation Board; or, the Financial Policy and Regulation Board, replace and understand as 'Financial and Monetary Policy and Regulation Board';

That, First Transitional Provision of the Organic Reformatory Law of the Organic Code of the Monetary and Financial System determines that the members of the Financial and Monetary Policy and Regulation Board, sworn in on September 16, 2025, by the National Assembly, will continue to exercise their functions for the periods for which they were designated and will maintain their labor continuity and acquired rights;

That, through Office No. T.233-SGJ-25-098, dated September 5, 2025, signed by the Constitutional President of the Republic, addressed to the President of the National Assembly, the list of candidates for the designation of the Members of the Financial and Monetary Policy and Regulation Board was sent; as well as the temporality of their stay within the initial period;

That, the Plenary of the National Assembly, on September 16, 2025, designated and swore in the members of the Financial and Monetary Policy and Regulation Board, in the persons of: Gustavo Estuardo Camacho Dávila; Silvia Daniela Moya Arteta; Roberto Javier Basantes Romero; and, María Isabel Camacho Cárdenas;

RESOLUTION No. JPRFM-2026-027-F

That, through Office No. COSEDE-COSEDE-2026-0148-OFICIO, dated April 7, 2026, the General Manager of the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund, sent to the Financial and Monetary Policy and Regulation Board, the semi-annual activity report of the Board of Directors of the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund, corresponding to the second semester of the year 2025;

That, the Financial and Monetary Policy and Regulation Board, through ordinary session No. 013-2026, under hybrid modality, on May 27, 2026, reviewed the proposal sent via Memorandum No. BCE-BCE-2026-0235-M, dated May 22, 2026, by the General Manager of the Central Bank of Ecuador to the President of the Financial and Monetary Policy and Regulation Board; as well as, Legal Report No. BCE-GJ-056-2026, dated May 22, 2026; and,

In exercise of its functions and in attention to Article 24 of the Organic Code of the Monetary and Financial System, the Financial and Monetary Policy and Regulation Board,

RESOLVES:

Sole Article. – To review the content of the semi-annual activity report of the Board of Directors of the Deposit Insurance Corporation, Liquidity Fund, and Private Insurance Fund, corresponding to the second semester of the year 2025, in accordance with its specific functions in the financial sphere.

FINAL PROVISION.- This resolution will enter into force from its issuance, without prejudice to its publication in the Official Register.

The General Secretariat of the Central Bank of Ecuador is entrusted with its publication on the institutional website.

COMMUNICATE AND PUBLISH. - Given in the city of Quito D.M., on May 27, 2026.

THE PRESIDENT
Mgs. Gustavo Estuardo Camacho Dávila

RESOLUTION No. JPRFM-2026-027-F

The resolution above was processed and signed by Master Gustavo Estuardo Camacho Dávila - President of the Financial and Monetary Policy and Regulation Board, in the city of Quito D.M., on May 27, 2026.- I CERTIFY.
TECHNICAL SECRETARIAT
Law. Ninoska Geovanna Ceballos Pin