BCB Resolution No. 186 — Amends BCB Resolution No. 111 of July 6, 2021, regarding classification criteria for trading or banking book instruments, governance requirements for market risk desks, and internal risk transfer recognition

BCB RESOLUTION NO. 186, OF FEBRUARY 15, 2022

Amends BCB Resolution No. 111, of July 6, 2021, which sets forth the criteria for the classification of instruments in the trading book or banking book, the governance requirements related to the trading desks on which instruments subject to market risk are managed, and the requirements for the recognition of internal risk transfers in the calculation of the minimum requirements referred to in Resolution No. 4,193, of March 1, 2013.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 15, 2022, based on Arts. 9 and 11, item VII, of Law No. 4,595, of December 31, 1964, and considering the provisions of Arts. 25-A, 25-B, 26, 26-A, 27, 27-A, 29, item II, and 56 of Resolution No. 4,557, of February 23, 2017,

RESOLVES:

Art. 1. BCB Resolution No. 111, of July 6, 2021, shall enter into force with the following alterations:

“Art. 24-A. The provisions of Arts. 3 to 13 may be observed starting from January 1, 2023.

Sole Paragraph. In the event of exercising the option provided for in the caput, the institution must observe the criteria established by Circular No. 3,354, of June 27, 2007, until December 31, 2022.” (NR)

“Art. 26. This Resolution enters into force:

I - on January 1, 2023, regarding Arts. 16, 17, 18, 19, and 25; and

II - on March 1, 2022, regarding the remaining provisions.” (NR)

Art. 2. This Resolution enters into force on the date of its publication.

Otávio Ribeiro Damaso
Regulation Director