Regulatory Alerts2026-04-24
Federal Reserve Board Approves Banco de Credito del Peru's Application to Establish a Florida Branch
The Federal Reserve Board approved Banco de Credito del Peru's application to establish a fully licensed international branch in Coral Gables, Florida. The conversion upgrades BCP's existing agency to accept wholesale deposits from U.S. sources, leveraging the Peruvian bank's $60.2 billion in assets and robust home-country supervision. The Board conditioned the approval on BCP's ongoing commitments to provide operational data, maintain anti-money-laundering controls, and satisfy U.S. financial stability standards.
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