“Efectos de la resolución NRO. SEPS-IGT-IGS-INSESF-INR-INGINT-2023-0034 sobre la implementación de normas de control para la gestión del riesgo de mercado en las cooperativas de ahorro y crédito en el segmento 1 y 2 de la provincia de Pichincha año 2024”

Abstract

This paper analyzes resolution NRO. SEPS-IGT-IGS-INSESF-INR-INGINT-2023-0034 issued by the Superintendence of Popular and Solidarity Economy, which seeks to help Savings and Credit Cooperatives of segment 1 and 2 in the province of Pichincha to mitigate, measure and evaluate market risk through policies, procedures and strategies established in the regulation. Using a cross-sectional and quantitative analysis approach, data were collected through surveys of 15 credit unions. The main objective was to analyze the effects of this resolution on the implementation of control standards for market risk management. The results of the study show significant progress in the application of the resolution, with a high percentage of cooperatives that have modified their internal policies, evaluate market risk on a monthly basis and have developed different actions from the integrated risk management committee. However, institutional limitations arose, such as lack of budget and staff training to fully comply with the provisions of the regulations. At the same time, critical internal and external factors were identified that expose the cooperatives to market risk. In conclusion, although compliance with regulations is high, there is a need to strengthen institutional capacities, promote continuous training to improve management effectively, so as to improve the quality and efficiency of the cooperatives' operations.