BCB RESOLUTION NO. 207, OF MARCH 22, 2022

Consolidates and amends normative acts regarding the submission of information on the control of exposure to liquidity risk and on the Short-Term Liquidity Indicator (LCR).

The Collegiate Board of the Central Bank of Brazil, in a session held on March 22, 2022, based on the provisions of Articles 10, item IX, 11, item VII, and 37 of Law No. 4,595, of December 31, 1964; Article 1, paragraph 1, of Complementary Law No. 130, of April 17, 2009; Article 9, items II, VII, and VIII, of Law No. 12,865, of October 9, 2013; and considering the provisions of Resolution No. 4,553, of January 30, 2017; Resolution No. 4,557, of February 23, 2017; Resolution No. 4,401, of February 27, 2015; and BCB Resolution No. 197, of March 11, 2022,

RESOLVES:

Art. 1. This Resolution deals with the preparation and submission, by financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in Segment 1 (S1), Segment 2 (S2), Segment 3 (S3), or Segment 4 (S4), of information relating to:

I - exposure to liquidity risk; and

II - the Short-Term Liquidity Indicator (LCR).

§ 1. The provisions of this Resolution apply to all credit cooperatives that are part of an organized system of three or two levels, regardless of which segment they belong to.

§ 1-A. The provisions of this Resolution apply to all prudential conglomerates classified in S1, S2, S3, or S4, as established in Resolution No. 4,553, of January 30, 2017, and BCB Resolution No. 436, of November 28, 2024. (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

§ 2. The provisions of this Resolution do not apply: (Wording given, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

I - to development agencies; (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

II - to payment institutions not belonging to a prudential conglomerate; and (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

III - to institutions belonging to Type 2 prudential conglomerates. (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

Art. 2. The information regarding exposure to liquidity risk, referred to in item I of the caput of Art. 1, must be prepared by financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in segments S1, S2, S3, and S4. (Wording given, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

Sole Paragraph. (Revoked, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 1. The information referred to in the caput must be prepared by all credit cooperatives that are part of an organized system of three or two levels, regardless of which segment they belong to. (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 2. For institutions that are part of a prudential conglomerate, the information referred to in the caput must be prepared: (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

I - on a consolidated basis, in accordance with the consolidation adopted for the calculation of Reference Equity, for institutions classified in S1, S2, S3, and S4; and (Included, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

II - on a subconsolidated basis, within the scope of the prudential subconglomerate, defined in Article 13-A of CMN Resolution No. 4,950, of September 30, 2021, for institutions classified in S1. (Included, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

Art. 3. The information regarding the LCR, referred to in item II of the caput of Art. 1, must be prepared by financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in segment S1. (Wording given, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

Sole Paragraph. For institutions that are part of a prudential conglomerate, the information referred to in the caput must be prepared: (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

I - on a consolidated basis, in accordance with the consolidation adopted for the calculation of Reference Equity; and (Included, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

II - on a subconsolidated basis, within the scope of the prudential subconglomerate, defined in Article 13-A of CMN Resolution No. 4,950, of September 30, 2021. (Included, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

Art. 4. The information referred to in Art. 1 must be calculated having as the base date the last business day of each month and must be submitted monthly:

I - by the lead institution of each prudential conglomerate, on a consolidated basis, regarding the information of the institutions that are part of the conglomerate; (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

II - by cooperative banks, by credit confederations, by service confederations constituted by central credit cooperatives, or by central credit cooperatives, regarding the information of all cooperatives that are part of organized systems of three or two levels, on an individual basis; (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

III - by financial institutions and other institutions authorized to operate by the Central Bank of Brazil not belonging to a prudential conglomerate and by cooperatives not part of an organized system of three or two levels; and (Wording given, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

IV - by the lead institution of each prudential conglomerate, on a subconsolidated basis, regarding the information of the institutions that are part of the prudential subconglomerate, for institutions classified in S1. (Included, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

Sole Paragraph. (Revoked, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 1. The Central Bank of Brazil may request the submission of the information referred to in Art. 1 relating to base dates different from that established in the caput of this article. (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 2. Payment institution leaders of Type 3 prudential conglomerates are included in item I. (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 3. The information referred to in the caput must be submitted starting from the first base date on which the institution authorized to operate by the Central Bank of Brazil is effectively functioning. (Included, effective July 1, 2023, by BCB Resolution No. 327, of June 14, 2023.)

§ 4. (Revoked, effective July 1, 2026, by BCB Resolution No. 577, of June 23, 2026.)

Art. 5. The information referred to in Art. 1, as well as the documentation of the methodology for its calculation and the respective original data, must be kept available to the Central Bank of Brazil for a minimum period of five years.

Sole Paragraph. The methodology used for the preparation of the information referred to in this Resolution must be established based on consistent and verifiable criteria, in accordance with current regulations.

Art. 6. The institutions cited in Art. 4 must designate a director responsible for the calculation and submission of the information referred to in this Resolution.

§ 1. It is admitted that the director designated under the terms of the caput performs other functions in the institution, provided that the absence of conflict of interest is ensured.

§ 2. Data regarding the director designated under the terms of the caput must be recorded and kept updated in the Central Bank of Brazil's registration information system.

Art. 7. The Financial System Monitoring Department (Desig) is authorized to establish operational procedures, the format, the deadline for submission, and the other conditions necessary to comply with the provisions of this Resolution.

Art. 8. The submission of the information referred to in this Resolution must be carried out starting from:

I - May 1, 2022: for multiple banks, commercial banks, investment banks, foreign exchange banks, or savings banks, belonging or not to conglomerates, classified in segments S1, S2, S3, or S4;

II - January 1, 2023: for financial institutions and other institutions authorized to operate by the Central Bank of Brazil, belonging or not to conglomerates, classified in segment S2 and that do not fall under item I;

III - July 1, 2023: for financial institutions and other institutions authorized to operate by the Central Bank of Brazil, belonging or not to conglomerates, classified in segments S3 or S4 and that do not fall under item I, and for credit cooperatives belonging to S5 that are part of an organized system of three or two levels.

Art. 9. The following are revoked:

I - Circular No. 3,761, of August 20, 2015; and

II - Circular No. 3,797, of June 16, 2016.

Art. 10. This Resolution enters into force on May 1, 2022.

Paulo Sérgio Neves de Souza Otávio Ribeiro Damaso Director of Supervision Director of Regulation