Credit unions must continue operations in Peru, but under supervision of the Superintendency of Banking, Insurance, and Private Pension Fund Administrators (SBS), Peruvian President Martin Vizcarra said on Tuesday.
The Head of State urged Congress to approve the bill —which would enable the SBS to oversee credit unions— before the end of the current legislature.
"In this sense, it is important to respect
SBS' constitutional autonomy," Peru's top official pointed out.
Vizcarra said the Parliament must provide clear signs of its contribution to
fighting corruption. To that end, he called for the approval of such mechanism before the end of the current legislature.
Nobody shall skip supervision and control —he noted— and the millions of users who put their money in deserve to have security.
"This will enable us to build a serious, foreseeable country and ensure a
prosper future with equal opportunities for current and future generations," he concluded.
Published: 6/12/2018