Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) amended its business continuity management rules to strengthen financial institutions’ operational continuity strategies for digital channels and reduce the impact of disruptions affecting core online services. Under the amended regulation, transfer services, interoperable payments, corporate payroll payments and supplier payments delivered through internet banking, mobile apps and digital wallets must have recovery plans that enable restoration within no more than three or five hours depending on the institution’s size. These plans must be tested annually, and institutions must promptly inform users about alternative channels through which they can continue to transact. The changes also clarify what constitutes “normal conditions” for digital-channel services, set recovery time objectives for key products and services provided via those channels, require systems to monitor those objectives, and specify non-compliances that will be treated as sanctionable infringements.
Superintendencia de Banca, Seguros y AFP del Peru 2025-03-10
Peru's Superintendency of Banking, Insurance and Private Pension Funds sets 3–5 hour recovery targets for key digital banking services
Peru's SBS has amended rules to enhance operational continuity for digital channels in financial institutions. The regulation mandates recovery plans for key services like internet banking and mobile apps, with restoration times of three to five hours based on institution size, and requires annual testing. It also defines "normal conditions," sets recovery time objectives, and outlines sanctions for non-compliance.