Ecuador's Superintendency of Banks published an update on Superintendent Roberto Romero von Buchwald’s first month in office, setting out a strategic agenda focused on strengthening financial system stability, promoting financial inclusion and improving supervisory efficiency. The regulator also issued a public warning identifying eight entities not authorised to carry out activities reserved to the National Financial System. The update highlights a series of meetings with public and private sector stakeholders, including deposit insurance, development finance networks, banking and microfinance associations, the financial intelligence unit, the data protection authority and multiple supervised institutions. Topics covered included profit capitalisation, resource optimisation, cybersecurity, and access to financing for productive sectors and Ecuadorian households in and outside the country. A separate meeting with compliance officers from public and private banks reinforced supervisory strategies and mechanisms to prevent and eradicate money laundering and terrorist financing aligned with international standards, alongside a stated intention to pursue legal measures in cases of non-compliance. The Superintendency framed its priorities around supervision and stability, financial inclusion, innovation and efficiency, and transparency and institutional strengthening through cooperation with regulated entities.
Superintendencia de Bancos de Ecuador 2025-02-27
Ecuador's Superintendency of Banks outlines strategic agenda and warns against eight unauthorised entities
Ecuador's Superintendency of Banks, led by Superintendent Roberto Romero von Buchwald, emphasized financial stability, inclusion, and supervisory efficiency. The regulator warned against eight unauthorized entities and engaged stakeholders on cybersecurity and financing access. Meetings with compliance officers focused on anti-money laundering strategies and international standards adherence.