BCB Resolution No. 560 — Minimum Limits for Short-Term Liquidity Indicator (LCR) and Simplified Short-Term Liquidity Indicator (LCRS)

BCB Resolution No. 560

BCB RESOLUTION NO. 560, OF APRIL 23, 2026

Establishes the minimum limits for the Short-Term Liquidity Indicator – LCR and the Simplified Short-Term Liquidity Indicator – LCRS and the conditions for their compliance.

The Collegiate Board of the Central Bank of Brazil, in a session held on April 8, 2026, based on Art. 9-A of Law No. 4,728, of July 14, 1965, Arts. 9, main text, items II and IX, letter “b”, and 15 of Law No. 12,865, of October 9, 2013, and taking into account the provisions of Resolution No. 4,282, of November 4, 2013,

RESOLVES:

CHAPTER I

OBJECT AND SCOPE OF APPLICATION

Art. 1 This Resolution defines and establishes the minimum limits for the Short-Term Liquidity Indicator – LCR and the Simplified Short-Term Liquidity Indicator – LCRS and the conditions for their compliance.

Art. 2 This Resolution applies to institutions classified as Type 3, as per Art. 5 of BCB Resolution No. 436, of November 28, 2024:

I - in Segment 2 – S2; and

II - in Segment 3 – S3 or in Segment 4 – S4, provided they are authorized to:

a) collect funds from the public in the form of deposits; or

b) collect funds from the public through the issuance of securities, as defined by the Central Bank of Brazil.

Sole Paragraph. Deposits include demand deposits, time deposits, and savings deposits.

Art. 3 The institutions referred to in the main text and item I of Art. 2 must calculate the LCR, observing the provisions of this Resolution.

Art. 4 The institutions referred to in the main text and item II of Art. 2 must calculate the LCRS, observing the provisions of this Resolution.

CHAPTER II

SHORT-TERM LIQUIDITY INDICATOR – LCR

Art. 5 The LCR corresponds to the ratio between the stock of High-Quality Liquid Assets – HQLA and the total net cash outflows projected for a thirty-day period.

Art. 6 The institutions referred to in Art. 3 must, during periods of absence of financial stress, observe the following minimum LCR limits daily:

I - 0.90 (ninety hundredths), from January 1, 2027, to June 30, 2027; and

II - 1 (one), from July 1, 2027, onwards.

§ 1 For institutions referred to in the main text belonging to a prudential conglomerate, the LCR must be calculated and observed:

I - on a consolidated basis, covering the entities comprising the prudential conglomerate, as per BCB Resolution No. 168, of December 1, 2021; and

II - on a sub-consolidated basis, covering the entities comprising the prudential sub-conglomerate, as per BCB Resolution No. 168, of December 1, 2021.

§ 2 Institutions may present an LCR below the limits established in this article during periods of financial stress, according to an analysis of liquidity needs and the use of their liquid assets, observing the provisions of Art. 10.

CHAPTER III

SIMPLIFIED SHORT-TERM LIQUIDITY INDICATOR – LCRS

Art. 7 The LCRS corresponds to the ratio between the stock of High-Quality Liquid Assets – HQLA and the total net cash outflows projected for a thirty-day period.

Sole Paragraph. The definition of HQLA must consider simplified criteria, compared to those applicable to HQLA, in order to ensure lower operational complexity and enable more efficient monitoring of liquid assets.

Art. 8 The institutions referred to in Art. 4 must, during periods of absence of financial stress, observe the following minimum LCRS limits daily:

I - 0.90 (ninety hundredths), from January 1, 2027, to June 30, 2027; and

II - 1 (one), from July 1, 2027, onwards.

§ 1 For institutions referred to in the main text belonging to a prudential conglomerate, the LCRS must be calculated and observed considering the scope of the prudential sub-conglomerate, as per BCB Resolution No. 168, of December 1, 2021.

§ 2 For institutions that do not belong to a prudential conglomerate, the calculation of the LCRS must not include foreign branches.

§ 3 Institutions may present an LCRS below the limits established in this article during periods of financial stress, according to an analysis of liquidity needs and the use of their liquid assets, observing the provisions of Art. 10.

CHAPTER IV

COMMON PROVISIONS FOR LCR AND LCRS

Art. 9 The institution must immediately inform the Central Bank of Brazil if there is an expectation that it will not be possible to comply with the minimum limits established in Arts. 6 or 8.

Art. 10 The institution that presents an LCR or LCRS below the minimum limits established in Arts. 6 or 8 during periods of financial stress must inform the Central Bank of Brazil:

I - the reasons that led the indicator to reach a level below the minimum limit, indicating whether they stem from idiosyncratic or market conditions;

II - to what extent each of the conditions treated in item I contributed to the indicator reaching a level below the minimum limit;

III - the liquidity contingency plan, as referred to in the main text and item II of Art. 40 of BCB Resolution No. 265, of November 25, 2022, detailing the availability of contingent liquidity sources; and

IV - the liquidity recovery plan, which must include a forecast of the period for restoring the indicator to the minimum limit referred to in Arts. 6 and 8, the projected cash flows, the measures adopted and to be adopted, as well as the sources of funds intended to be used in the restoration of the indicator.

§ 1 The institution must send a detailed report daily to the Central Bank of Brazil for monitoring the execution of the liquidity recovery plan until the indicator returns to the minimum limit referred to in Arts. 6 and 8.

§ 2 The Central Bank of Brazil may request additional information beyond that mentioned in this article.

Art. 11 The Central Bank of Brazil may, if the institution presents an indicator below the minimum limits established in Arts. 6 or 8, determine, among other measures:

I - improvements in liquidity risk management, as per BCB Resolution No. 265, of November 25, 2022, in the liquidity contingency plan and the liquidity recovery plan, as referred to in the main text and items III and IV of Art. 10, respectively;

II - reduction of exposure to liquidity risk, which may include:

a) sale or exchange of assets and liabilities;

b) alteration in the composition of collections and their respective remuneration rates; or

c) reduction in disbursements related to credit granting; and

III - restoration of the indicator value, within a timeframe to be determined by it, in such a way that the minimum limit is complied with.

Sole Paragraph. The provisions of this article may be adopted both during moments of financial stress and during periods of normality.

CHAPTER V

FINAL PROVISIONS

Art. 12 The Central Bank of Brazil, in the performance of its legal duties, will establish the calculation methodology and information disclosure requirements for the LCR and the LCRS.

Sole Paragraph. The methodology and requirements referred to in the main text will observe the guidelines established in the sole paragraph of Art. 7.

Art. 13 This Resolution enters into force on January 1, 2027.

GILNEU FRANCISCO ASTOLFI VIVAN

Director of Regulation