trending Market Intelligence /marketintelligence/en/news-insights/trending/odvpCdHFN2CdqAeBY6esAQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Peru's SBS seeks more clout on M&A approvals

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Peru's SBS seeks more clout on M&A approvals

The Peruvian bank regulator proposed in Congress to get a binding say on M&A approvals, during the preliminary discussions of the merger law, El Comercio reported.

If approved, the proposal would put the Insurance and Bank Superintendency, known as SBS, on an equal footing with the country's competition watchdog, Indecopi. So far, only the latter has a definitive say on the viability of M&A.

Currently, SBS' opinion on possible M&A in the financial system is pondered only as a "prudential" judgment, Javier Poggi, head of the institution, reportedly said.

The goal of SBS is to "protect the general public because it focuses on evaluating if the resulting company is viable in the long term," Poggi was quoted as saying.

Additionally, the economy ministry and Indecopi requested further modifications during the preliminary debates of the M&A bill, known as the Preliminary Control of Operations of Economic Concentration.

The institution wants to remove the 40% market share threshold that triggers regulatory oversight on M&A operations, as well as to raise the minimum value of scrutinized operations from 420 million to 495.6 million Peruvian soles.

As of March 19, US$1 was equivalent to 3.30 Peruvian soles.