Peru and Uruguay Move Ahead on Financial-Sector

Peru and Uruguay advance regulatory changes

Peru’s Superintendency of Banking, Insurance and AFPs announced approval of regulatory changes intended to strengthen protection for users of the financial system, according to an institutional post shared on social media. The post did not yet identify the specific articles involved or the rules that were amended.

In Uruguay, the central bank said on its institutional website that it is moving ahead with the implementation of new cybersecurity standards for the financial industry. The public-facing notice does not specify, on the homepage, which regulatory texts apply, which communications are attached, or what compliance deadlines are in place.

A regional backdrop that also reaches Argentina and Mexico

The material reviewed did not show, at least among the sources available, recent specific communications from Argentina’s BCRA or Mexico’s CNBV or Banxico about new cybersecurity requirements for the financial sector. What does appear are broader frameworks and related developments in the region, including the open finance debate in Argentina and coverage of fintech regulation for PSPs and digital wallets.

On that same Argentine front, the available sources include work on the Open Finance System and its compliance implications, along with reporting on the payments ecosystem and digital financial services. In Paraguay, the central bank published news about Resolution No. 2, Minute No. 12, tied to an update of the Credit Card Regulation.

The commercial conversation in Mexico has already shifted

An ITSeller report on a Dell Technologies session with channels in Mexico says the commercial conversation around cybersecurity solutions with chief financial officers is moving toward the language of potential financial losses and regulatory risk. According to that coverage, fines and costs tied to breaches at Mexican financial institutions are being presented as a central argument for investments in controls aligned with Banxico and CNBV requirements.

That approach sits alongside other regional references available, including 24xSiempre coverage of Mexico’s three-part digital compliance framework and a Forbes piece on risks linked to new financial technologies. In Uruguay, InfoNegocios also reported that Leonardo Martínez took over as CISO of BEVSA and Urutec, another sign of movement in security roles within the financial ecosystem.