BCB Resolution No. 17 — Amends Circulars No. 3,644 of March 4, 2013, and No. 3,748 of February 27, 2015, regarding capital requirements for credit risk exposures under the standardized approach and the leverage ratio methodology

Resolution No. 17

BCB RESOLUTION NO. 17, OF SEPTEMBER 17, 2020

Amends Circulars No. 3,644, of March 4, 2013, and No. 3,748, of February 27, 2015, regarding the procedure for calculating the capital requirement for credit risk exposures subject to capital requirement calculation through the standardized approach (RWACPAD) and the methodology for determining the Leverage Ratio, respectively.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 17, 2020, based on the provisions of Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595, of December 31, 1964, Articles 3, paragraph 2, and 15 of Resolution No. 4,193, of March 1, 2013, and Article 1 of Resolution No. 4,615, of November 30, 2017,

RESOLVES:

Art. 1st Circular No. 3,644, of March 4, 2013, shall enter into force with the following alterations:

“Art. 3rd
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§ 2nd
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X - credit operations with public sector bodies and entities regarding the highlighting of a portion of the PR, in accordance with Article 2 of Resolution No. 4,589, of June 29, 2017;

XI - the portion of credit operations covered by the Emergency Employment Support Program, established by Law No. 14,043, of August 19, 2020, funded with Union resources; and

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

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(NR)

Art. 2nd Circular No. 3,748, of February 27, 2015, shall enter into force with the following alterations:

“Art. 5th
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§ 4th
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VII - the import letter of credit issued by the institution, linked to an import exchange contract, provided that the total delivery of the counter-value in national currency has occurred;

VIII - the portion of credit operations covered by the Emergency Employment Support Program, established by Law No. 14,043, of August 19, 2020, funded with Union resources; and

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

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Art. 2nd (Revoked, from July 1, 2026, by BCB Resolution No. 478, of May 30, 2025.)

Art. 3rd This Resolution enters into force on the date of its publication.

Otávio Ribeiro Damaso
Director of Regulation