Regulatory Alerts2026-01-22 | Resolução CMN 5279CMN Resolution No. 5,279 — Amending Annexes I and II of Resolution No. 4,222 to Improve FGC Governance and Depositor Protection
The Brazilian National Monetary Council issued Resolution No. 5,279 to amend the Statute and Regulations of the Credit Guarantee Fund (FGC), introducing significant governance reforms and enhanced protections for depositants. The resolution establishes stricter eligibility criteria for FGC board members, mandates a six-month post-tenure cooling-off period with potential financial penalties for violations, and authorizes indemnity agreements to protect board members from liability. Additionally, it clarifies the FGC's operational powers regarding subsidized operations, liquidity management, and the sharing of financial information with the Central Bank of Brazil.
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