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10. Capital markets and finance: Peru

Argentina. For full detail on Argentina, go to The Argentine Thread.

Capital markets, banking and credit in Peru: who needs an SBS license, bank capital and Basel III style solvency floors, how foreign banks open branches, the SBS approval for stakes above 10 percent, the BCRP interest caps on consumer and small business loans, public versus private securities offers and SMV registration, mandatory tender offers for listed companies, the SUNARP SIGM registry for movable collateral, and the withholding and financial transactions taxes that shape cross border lending, each tied to the official text. For how Argentina handles these questions, see The Argentine Thread guide.

Investor view. Peru pairs a well capitalized, Basel aligned banking system with a securities law that lets companies raise money privately from institutional investors and an online collateral registry since 2025, giving lenders and issuers room to grow credit beyond the capped consumer segments.

Capital markets, banking and credit in Peru: who needs an SBS licence, bank capital and solvency, foreign bank branches, interest rate caps, public offers and takeover bids, movable collateral and the taxes on financeTwo supervisors split Peruvian finance: the Superintendencia de Banca, Seguros y AFP (SBS) licenses and supervises banks, finance companies, insurers and anyone who habitually takes money from the pub