Peru's Superintendency of Banking, Insurance and AFP concludes its 26th Extension Programme for future financial supervisors

Peru's Superintendency of Banking, Insurance and AFP (SBS) closed the 26th edition of its Extension Programme (PEXT), a long-running initiative used to attract talent and provide specialised technical training for future supervisors of Peru’s financial system. Since its launch in 1998, PEXT has trained more than 990 graduates, many of whom now work at the SBS and in other public sector bodies, private firms and international organisations. The latest edition reported gender parity (50% women), participation from universities in Cusco, Arequipa, Piura and Trujillo, and the inclusion of five SBS professionals alongside 13 officials from supervisory authorities in Costa Rica, Uruguay, Ecuador, El Salvador, Guatemala and the Dominican Republic, who attended a bank analysis and inspection course delivered by the United States Federal Reserve. The SBS also strengthened the programme’s curriculum by adding the Suptech Foundation course delivered by the University of Cambridge’s Innovation Lab, seminars on fintech, insurtech and suptech applied to supervision, sessions on managing troubled financial institutions led by former superintendent Luis Cortavarría, and behavioural skills workshops. PEXT graduates will enter a process for incorporation into the SBS, subject to internal staffing needs and the merit achieved during the programme.