On Wednesday, July 24, the Permanent Commission of Congress ratified the appointment of Sergio Espinosa Chiroque as Superintendent of Banking, Insurance and Private Pension Fund Administrators (SBS). With 22 votes in favor, four abstentions and only one against, the parliamentarians revalidated this decision adopted by the Executive Branch through Supreme Resolution No. 167-2024-PC.
And it is that on July 18 this legal device was published in which Dina Boluarte informed Congress about the election of Espinosa Chiroque as head of the SBS. It is worth mentioning that before assuming the position occupied by María del Socorro Heysen, the lawyer served as Deputy Superintendent of the Financial Intelligence Unit of the SBS itself.
Congress ratifies Sergio Espinosa as head of the SBS
After the government of Dina Boluarte appointed Sergio Javier Espinosa Chiroque as the new Superintendent of the SBS, the Permanent Commission ratified this decision in accordance with the scope of article 87 of the Political Constitution of Peru and articles 6 and 93 of the Regulations of Congress, respectively.
In total, 22 parliamentarians voted in favor, one voted against and four abstained during the ordinary session of said body of Parliament held on Wednesday, July 24. In this way, the legislative resolution that ratifies Espinosa Chiroque as head of the SBS was approved. The economist replaces María del Socorro Heysen, who served in that position from August 2016 to the present.
Who is Sergio Espinosa Chiroque, the new head of the SBS?
Sergio Espinosa Chiroque is a lawyer and holds a Master’s degree in International Economic Law from the Pontifical Catholic University of Peru (PUCP). He has a 23-year professional career at the SBS, where he has served as head of the Regulation Department, Deputy Superintendent of Legal Advice and Deputy Superintendent of the Financial Intelligence Unit (UIF-Peru).
In addition, he served as vice president and technical secretary of the Multisectoral Executive Commission against Money Laundering and the Financing of Terrorism (Contralaft) and member of the National Intelligence Council (COIN), whose mission is to coordinate and plan actions to prevent and combat Money Laundering (LA) and the Financing of Terrorism (FT).
Another detail of his professional profile is his role as National Coordinator of Peru before the Financial Action Task Force of Latin America (Gafilat), actively participating in the meetings and plenary sessions of the Working Groups. During the years 2018 and 2019, Espinosa held the positions of Vice President and President Pro Tempore of this regional body, respectively.
Between 2015 and 2016, he served as President of the Group of Experts on Money Laundering Control (GELAVEX) of the Inter-American Drug Abuse Control Commission (CICAD) of the Organization of American States (OAS). Finally, he was President of the Egmont Group from 2015 to 2017. This entity integrates more than 164 Financial Intelligence Units from different jurisdictions worldwide.
What is the function of the SBS?
The SBS It is the entity responsible for supervising and regulating the Peruvian financial system, including banks, insurance companies and pension funds. Its role is to ensure that these institutions operate in a transparent and secure manner, protecting consumers and maintaining the stability of the financial system.
Source: Larepublica

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