BCB Resolution No. 232 — Amends Circular No. 3,809 of August 25, 2016 to Consolidate Provisions of Circular No. 3,877 of February 8, 2018

BCB RESOLUTION NO. 232, OF JULY 27, 2022

Amends
Circular No. 3,809, of August 25, 2016, which establishes the procedures for the recognition of mitigating instruments in the calculation of the risk-weighted asset (RWA) portion referencing credit risk exposures subject to the capital requirement calculation through the standardized approach (RWACPAD), to consolidate the provisions in Circular No. 3,877, of February 8, 2018.

The Collegiate Board of the Central Bank of Brazil, in an ordinary session held on July 27, 2022, 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 the provisions of Art. 3, § 2, of Resolution CMN No. 4,958, of October 21 2021,

R E S O L V E:

Art. 1º Circular No. 3,809, of August 25, 2016, shall enter into force with the following amendment:

“Art. 27.
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§ 3º The FPR referred to in the caput shall apply to the portion of exposure covered by collateral constituted by resources from the State Participation Fund (FPE) or the Municipal Participation Fund (FPM), provided for in Art. 159 of the Federal Constitution, granted in credit operations concluded by February 8, 2018.” (NR)

Art. 2º Circular No. 3,877, of February 8, 2018, is hereby revoked.

Art.
3º This Resolution enters into force on September 1 2022.

Otávio
Ribeiro Damaso
Director of Regulation