Ecuador's Superintendence of Banks reported that its superintendent, Roberto Romero von Buchwald, presented the authority’s perspective on unregulated financial service providers during the Regional Policy Dialogue for the Financial Sector held in Santo Domingo, Dominican Republic. His intervention framed the sector’s growth as requiring the principle of “same activity, same risk, same rules”, and outlined a move toward proportional, data-driven supervision to address emerging risks without undermining innovation. Romero highlighted that technological innovation can support inclusion and efficiency but can also increase risks in cybersecurity, liquidity, data protection and anti-money laundering. The supervisory approach described included mandatory registration, tiered licensing, minimum governance requirements, custody or safeguarding of funds, cybersecurity standards, and transparency obligations for user-facing information, alongside a call for stronger regional coordination given the cross-border nature of many providers.
Superintendencia de Bancos de Ecuador 2025-10-06
Ecuador's Superintendence of Banks sets out a proportional, data-driven supervisory approach for unregulated financial service providers
Ecuador's Superintendence of Banks, led by Superintendent Roberto Romero von Buchwald, stressed proportional, data-driven supervision of unregulated financial service providers at the Regional Policy Dialogue for the Financial Sector. Romero advocated "same activity, same risk, same rules" to manage emerging risks and foster innovation. Key measures include mandatory registration, tiered licensing, governance requirements, cybersecurity standards, and enhanced regional coordination.