Ecuador congress removes bank regulator

Legislators charged Ruth Arregui with failure to perform duties of her office

ecuador-flag

The National Assembly of Ecuador voted to remove the superintendent of banks from office on February 22. The legislature impeached Ruth Arregui for failing to perform her legally mandated functions or properly oversee the banking system.

The motion for Arregui’s removal received 85 votes in favour, well above the 69 votes – an absolute majority of legislators – necessary under the constitution to remove a superintendent.

The resolution removing Arregui also barred her from any public office

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.