SBS

Superintendencia de Banca, Seguros y AFP

Latin America
🏛️
Jurisdiction
Peru
📋
Regulations
1
Open Banking frameworks
🌍
Region
Latin America
🔗
Type
NCA
National Competent Authority

About SBS

The Superintendencia de Banca, Seguros y AFP (SBS) is the primary financial regulatory authority in Peru responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), SBS ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: The SBS supervises banks, insurance, and private pension funds in Peru. Open banking regulation is under development following Law proposal 1584/2021-CR; the SBS has issued a favorable opinion for implementation.

Jurisdiction

Peru
View Open Banking providers, banks, and TPPs in Peru

Regulations Overseen

SBS is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in Latin America:

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