Regulatory Alerts2025-09-26 | Resolución SBS 03401-2025SBS Resolution No. 03401-2025: Amends Article Three and the First Supplementary Final Provision of the Credit Currency Risk Management Regulation approved by SBS Resolution No. 774-2025; and substitutes the numbering of literals w, x, y, z, aa and bb
The Peruvian Superintendency of Banks, Insurance and Pension Fund Administrators (SBS) issued Resolution No. 03401-2025 to extend the effective date of its Credit Currency Risk Management Regulation to June 1, 2026, and to reallocate existing currency risk provisions toward mandatory specific provisions. The resolution also amends the First Supplementary Final Provision of the 2025 regulation and updates the alphabetical numbering of specific literals incorporated from a prior 2023 resolution. These adjustments grant supervised financial institutions additional implementation time while aligning provisioning requirements with updated debtor classification standards.
Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 1 Lima, September 19, 2025 SBS Resolution No. 03401-2025 The Superintendent of Banks, Insurance and Private Pension Fund Administrators CONSIDERING: Whereas, through SBS Resolution No. 774-2025, the Credit Currency Risk Management Regulation was approved, establishing a standardized methodology for identifying debtors exposed to such risk; as well as guidelines for conducting a sensitivity analysis to measure the possible impact of local currency depreciation scenarios on corporate revenues and solvency, among other criteria, with the objective of promoting adequate management of credit currency risk; Whereas, it is necessary to grant a longer period for the aforementioned Regulation to enter into force, to ensure adequate implementation by supervised companies; Whereas, it is also considered necessary to amend SBS Resolution No. 4345-2023, which modifies the Regulation for Debtor Evaluation and Classification and Provision Requirements approved by SBS Resolution No. 11356-2008 and its amendments; Having obtained the approval of the Adjunct Superintendencies for Banking and Microfinance and for Regulation and Legal Affairs, as well as the Economic Studies Department; and, In the exercise of the powers conferred by numerals 7 and 9 of Article 349 of the General Law of the Financial System and Insurance System and Organic Law of the Superintendency of Banking and Insurance – Law No. 26702 and its amending regulations (hereinafter, General Law); and based on the provisions of the Thirty-Second Final and Supplementary Provision of the General Law;
Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 2 RESOLVES: Article One. – Amend Article Three of SBS Resolution No. 774-2025, as follows: “Article Three. – This Resolution enters into force as of June 1, 2026, from which date the Regulation for Credit Currency Risk Administration, approved by SBS Resolution No. 041-2005, and Circulars No. B-2145-2005, F-0485-2005, CM-0332-2005, CR-0201-2005, EAF-0229-2005, EDPYME-0117-2005 shall cease to be in effect. In this regard, the requirement for provisions for credit currency risk shall also cease to apply. The provisions of Article Two of this Resolution enter into force for information corresponding to June 2026.” Article Two. – Amend the First Supplementary Final Provision of the Credit Currency Risk Management Regulation approved by SBS Resolution No. 774-2025, as follows: “First. – Companies shall reallocate the provisions for credit currency risk they have established as of May 31, 2026, towards the establishment of mandatory specific provisions.” Article Three. – Substitute the numbering of literals w, x, y, z, aa and bb incorporated via numeral 3 of Article One of SBS Resolution No. 4345-2023, with literals x, y, z, aa, bb and cc. Article Four. – This Resolution enters into force the day following its publication in the Official Gazette El Peruano. Register, communicate and publish, SERGIO JAVIER ESPINOSA CHIROQUE Superintendent of Banks, Insurance and Pension Fund Administrators