Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) announced that the OECD sectoral assessment covering financial consumer protection, consumer credit and financial education for Peru’s OECD accession process was concluded satisfactorily, with no observations. The OECD nevertheless issued recommendations aimed at further strengthening alignment with international standards and best practices. The update, delivered by SBS Deputy Superintendent for Market Conduct and Financial Inclusion Mariela Zaldívar at the opening of Global Money Week 2025 in Peru, noted that the OECD communicated the “no observations” outcome in December 2024. SBS also highlighted recent financial inclusion trends, including an increase of more than 185,000 financial system service points between 2018 and 2024 and a doubling of correspondent agents over the same period (103% growth), alongside ongoing regulatory adaptation to new business models and work under the National Financial Inclusion Policy. SBS and more than 60 public, private and civil society organisations planned in-person and virtual financial education activities across Peru from 17 to 23 March, targeting children, young people and families.
Superintendencia de Banca, Seguros y AFP del Peru 2025-03-17
Peru's Superintendency of Banking, Insurance and Private Pension Funds reports OECD accession review cleared its financial consumer protection and education framework with no observations
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) announced the satisfactory conclusion of the OECD sectoral assessment for Peru's OECD accession, with no observations. Recommendations were issued to enhance alignment with international standards. SBS highlighted financial inclusion trends, including significant growth in service points and correspondent agents, and ongoing regulatory adaptation.