meta_id 3375492

On August 4, 2026, the Superintendencia de Banca, Seguros y AFP (SBS) of Peru published Resolution SBS No. 01959-2026 in the official gazette , modifying the Regulation on Corporate Governance and Comprehensive Risk Management (Resolution SBS No. 272-2017). The amendment expands the scope of the regulation to strengthen consolidated supervision and align it with international standards. The modification clarifies that supervised entities responsible for submitting information for consolidated supervision purposes must ensure that entities within their financial group or consolidable group incorporate corporate governance and comprehensive risk management standards compatible with those established by the SBS. This requirement applies to financial and mixed conglomerates under the SBS's supervisory remit. The SBS evaluates risks faced by supervised entities as members of these conglomerates pursuant to Article 138 of Law No. 26702 (General Banking Law) and the Regulation for Consolidated Supervision of Financial and Mixed Conglomerates (Resolution SBS No. 11823-2010). The amendment represents the SBS's commitment to strengthening consolidated supervision by ensuring consistency in governance and risk management practices across financial groups. By requiring supervised entities to promote compatible standards throughout their groups, the SBS aims to mitigate conglomerate-level risks and enhance financial stability. Supervised entities and financial conglomerates should review their governance structures and risk management frameworks to ensure compliance with the expanded requirements outlined in the modified regulation. The resolution became effective upon publication in the Official Gazette on August 4, 2026.