Peru: Six Firms Eyeing Entry – SBS Report

Here’s a ‌summary of the key information from the ‍provided ​text:

* Peruvian Open ⁤Banking Timeline: The SBS (superintendency ‍of Banking and Insurance) has set a ⁣two-year deadline for the first stage of implementing​ open ‍banking in Peru. However, a detailed roadmap is still needed.
* Roadmap Advancement: This ⁣roadmap will involve two parallel processes: studying experiences from other countries and holding ⁣working group discussions with the financial industry.
* Industry Concerns: Banks⁣ (through⁤ Asbanc) have raised ⁤two key⁤ concerns for ⁢the SBS to address in the open banking model:
* Operational Risk: Ensuring the‌ security of information sharing.
* Financial Ecosystem Stability: Maintaining the overall health and stability of the financial system.
* Anti-Fraud Committee: The SBS aims to create a‍ high-level committee with the‍ MEF (ministry​ of ⁣Economy and Finance) and BCRP (Central Reserve Bank of Peru) to ⁣combat banking​ fraud ⁤and⁢ cyberattacks, including ⁤real-time monitoring. ‍Formal proposals have been sent, but responses are still pending.
* Political‌ Impact: The ‍political situation ‌is ‌impacting the formation of the anti-fraud committee, causing delays.