Ecuador appoints Davila as top bank supervisor

ECUADOR - Ecuador's Congress ended a nearly five-month search for a banking superintendent on Apr 5, appointing former central bank head Miguel Davila to the post after rejecting several other candidates.

Davila replaces Juan Falconi, who was removed in 2000 amid accusations of irregularities in controlling and inspecting the banking sector.

"The Ecuadorean financial sector wants to overcome the most profound crisis of its history and this will require changes in public and private financial sy