Financial Consumer Protection System in Peru

The financial consumer protection system of Peru is rather complicated. The Regulatory Authority for Banking,Insurance and Private Pension is fully responsible for financial consumer protection matters in banking,insurance,microfinance institutions and private pension industry,while the responsibilities of financial consumption dispute- processing are basically given to the general consumer protection institution——the national competition protection and intellectual property agency. It is worthy to learn and use for reference for China that there is both clear assignment of responsibility and cooperation between the general consumer protection institution and financial consumer protection agency.