Ecuador seeks tighter controls over banking system

Ecuador's President Lucio Gutierrez has called for reform of the country's central bank which could involve the Bank's board replacing an existing board at the helm of the Banking Superintendency regulator in a bid to tighten controls.

Source: Reuters

Ecuador's President Lucio Gutierrez has proposed to put the Central Bank and banking regulator under a sole decision-making board to keep a close eye on the sector after its 1999 collapse.

Gutierrez, who has sought to order the unstable nation's ec