BCB Resolution No. 149 — Amending Circulars No. 3,861 and 3,862 Regarding Risk-Weighted Asset Calculations for Gold, Foreign Currency, and Specific Credit Programs

Resolution No. 149

BCB RESOLUTION
NO. 149, OF OCTOBER 6, 2021

Amends
Circulars Nos. 3,861 and 3,862, both of December 7, 2017, which establish the procedures for calculating the risk-weighted asset components in the simplified form (RWAS5) regarding exposure to gold, foreign currency, and assets subject to exchange rate variation through the simplified standardized approach (RWACAMSimp) and to credit risk exposures subject to the capital requirement calculation through the simplified standardized approach (RWARCSimp), respectively.

The Collegiate Board of the Central Bank of Brazil, in a session held on October 6, 2021, based on the provisions of Arts. 9, 10, item IX, and 11, item VII, of Law No. 4,595, of December 31, 1964, and having in view Art. 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017,

R E S O L V E:

Art.
1º Circular No. 3,861, of December 7, 2017, shall enter into force with the following alteration:

“Art. 2º ............................................................................................................

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§ 1º The amount 𝐸𝑋𝑃𝑆𝑖𝑚𝑝 corresponds to the sum:

I - investments in gold;

II - foreign currency holdings, net of payment orders to be fulfilled; and

III - purchased exchange to be settled, net of sold exchange to be settled.

.............................................................................................................. .”
(NR)

Art. 2º Circular No. 3,862, of December 7, 2017, shall enter into force with the following alterations:

“Art.
3º ...........................................................................................................

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§
4º .................................................................................................................

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IV - linked active operations, carried out according to the provisions of Resolution No. 2,921, of January 17, 2002;

V - shares of Investment Funds in Credit Rights (FIDC) associated with sale or transfer operations of underlying assets that remain, in their entirety, registered in the institution's assets; and

VI - the portion of credit operations carried out within the scope of the Emergency Program for Access to Credit in the modality of receivables guarantee (Peac-Maquininhas), established by Law No. 14,042, of August 19, 2020, to be reimbursed to the Union.” (NR)

“Art. 6º-A A Factor for Risk Reduction (FPR) of 12% (twelve percent) must be applied to the following exposures:

I - credit operations carried out within the scope of the National Program for Support to Microenterprises and Small Businesses (Pronampe), established by Law No. 13,999, of May 18, 2020, contracted until December 31, 2020; and

II - credit operations granted within the scope of the Emergency Program for Support to Employment, established by Law No. 14,043, of August 19, 2020.

Sole paragraph. The FPR referred to in item I of the caput is restricted to credit operations that make up the portfolio of a financial institution composed exclusively of operations with guarantees granted by the Operations Guarantee Fund (FGO) within the scope of Pronampe, when it is ensured that the FGO:

I - guarantees 85% (eighty-five percent) of the portfolio; and

II - assumes all initial losses of the portfolio as long as they do not exceed 85% (eighty-five percent) of the total value of the portfolio.” (NR)

“Art. 8º ............................................................................................................

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II - interbank deposits;

III - values of credits contracted to be disbursed;

IV - credit operations guaranteed by the Investment Guarantee Fund (FGI) belonging to the portfolio contracted within the scope of the Emergency Program for Access to Credit (Peac), established by Law No. 14,042, of August 19, 2020; and

V - credit operations carried out within the scope of Pronampe, established by Law No. 13,999, of 2020, contracted from January 1, 2021.” (NR)

Art.
3º This Resolution enters into force on November 1, 2021.

Otávio Ribeiro Damaso
Director of Regulation