BCB Resolution No. 312 — Amends Circular No. 3,641 of March 4, 2013, regarding risk-weighted asset calculation for gold, foreign currency, and exchange rate-varying assets under the standardized approach

BCB Resolution No. 312, OF APRIL 26, 2023

Amends Circular No. 3,641, of March 4, 2013, which establishes the procedures for calculating the risk-weighted assets (RWA) portion related to exposures in gold, in foreign currency, and in assets subject to exchange rate variation whose capital requirement is calculated through the standardized approach (RWACAM), as dealt with in CMN Resolution No. 4,958, of October 21, 2021, and BCB Resolution No. 200, of March 11, 2022.

The Collegiate Board of the Central Bank of Brazil, in a session held on April 26, 2023, based on the provisions of Arts. 9, 10, item IX, and 11, item VII, of Law No. 4,595, of December 31, 1964, Art. 9-A of Law No. 4,728, of July 14, 1965, and Arts. 9, item II, 14, and 15 of Law No. 12,865, of October 9, 2013, and having in view Art. 3, § 2, of CMN Resolution No. 4,958, of October 21, 2021, and Art. 3, § 2, of BCB Resolution No. 200, of March 11, 2022,

R E S O L V E:

Art. 1º Circular No. 3,641, of March 4, 2013, shall enter into force with the following alterations:

“Art. 2º For the determination of the daily value of the RWACAM portion, as well as the foreign exchange exposure limit dealt with in CMN Resolution No. 4,956, of October 21, 2021, it is defined as:

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I - in which the institution acts exclusively as an intermediary, not assuming any rights or obligations with respect to the parties;

II - maturing until the next business day, provided they are settled by the quote of the day of determination; and

III - of cash flow hedge, dealt with in Circular No. 3,082, of January 30, 2002, open until January 1, 2025, with the objective of compensating, in whole or in part, the risk of exchange rate variation arising from future commitments scheduled for, at most, the next twelve months, provided they are duly documented.

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Art. 2º This Resolution enters into force on July 1, 2023.

Otávio Ribeiro Damaso
Director of Regulation