The raising of funds from third parties as a form of financing and financialinformality-the perspective of the SMV and the SBS

Authors

  • Fátima De Romaña Universidad de Lima, Perú
  • Diego Munares Universidad Nacional Mayor de San Marcos, Perú

DOI:

https://doi.org/10.26439/advocatus2025.n045.8443

Keywords:

Financial informality, financial inclusion, financial regulation, financial intermediation, public offering, securities

Abstract

This article explores the main aspects of financial and securities market regulation, as well as its impact on financial informality, which has a counterpart in financial inclusion. Through the exposition of recent cases, it is shown how the Superintendence of Banking, Insurance and AFP,  and the Superintendence of the Securities Market repress informal financial schemes that capture resources from third parties, affecting the public interest and confidence in the financial system.

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Author Biographies

  • Fátima De Romaña, Universidad de Lima, Perú

    Abogada por la Universidad de Lima.
    Maestría en Administración de Empresas por la Universidad de Piura.

  • Diego Munares, Universidad Nacional Mayor de San Marcos, Perú

    Bachiller en Derecho por la Universidad Nacional Mayor de San Marcos.

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Published

2025-12-04

Issue

No. 045 (2025)

Section

Especial

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

The raising of funds from third parties as a form of financing and financialinformality-the perspective of the SMV and the SBS. (2025). Advocatus, 045, 59-72. https://doi.org/10.26439/advocatus2025.n045.8443