• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Private banks filed a protection action against the resolution on electronic money

Posted On 21 Dec 2016
captura-de-pantalla-2016-12-21-a-las-9-43-27-a-m
The Association of Private Banks of Ecuador (Asobanca) filed a Constitutional Protection Action against the Resolution of the Superintendency of Market Power Control (SCPM) regarding electronic money; this was informed by this guild on Tuesday, December 20, 2016, through a press release.
On December 14, the First Instance Resolution Committee (CRPI) of the Superintendency of Market Power Control (SCPM) issued a resolution to force 14 private banks to join the electronic money platform within 30 days. If they fail to comply, they will be punished with up to 8% of their profits volume.
According to the agency, the decision is a precautionary measure for alleged unfair practices of banks. However, eight hours after the resolution was communicated, the Monetary and Financial Regulatory Board disavowed the action.

Asobanca stated that after analyzing the Resolution issued by the CRPI on the position of Asobanca and its partners against electronic money, Asobanca filed a Protection Action.
The measure seeks to: “protect their constitutional rights to freedom of expression, due process, and legal security, among other reasons due to the lack of competence of the Superintendency to regulate acts already governed by other state bodies such as the Board of Monetary and Financial Policies and Regulation.” The proposed Protection Action, according to Asobanca, seeks to demand the courts to” suspend the application of the act issued by the Commission and subsequently leave it without effect.”

Source: http://www.elcomercio.com/actualidad/bancos-acciondeproteccion-ecuador-dineroelectronico-negocios.html

About the Author
  • google-share
Previous Story

Protests in Quito against the Government´s mining project after Morona incidents

Next Story

Fernando Villavicencio and Cléver Jiménez may go to jail once more

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net