*Ecuador’s President Daniel Noboa has issued a decree establishing an interinstitutional committee for financial stability, which will boost cooperation between various regulatory bodies and public authorities with the aim of strengthening the financial sector. The seven-member committee will include representatives from the central bank (BCE), the regulators for the banking sector and for companies, and various authorities responsible for monetary, financial, and fiscal policy. Among other things, the committee will be responsible for “identifying potential risks affecting the country’s financial stability and… issuing alerts and policy recommendations”.
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LatinNews Daily - 8 August 2024
In brief: New financial stability committee created in Ecuador
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