RegAlert2023-06-14 | Resolução BCB 324Added
BCB Resolution No. 324 of June 14, 2023, amending Circular No. 3,809 of August 25, 2016, regarding procedures for recognizing mitigating instruments in calculating risk-weighted assets for credit risk exposures under the standardized approach
This resolution amends Circular No. 3,809 to update the procedures for recognizing mitigating instruments in calculating risk-weighted assets (RWA) for credit risk exposures under the standardized approach. It establishes specific Haircut factors (Hc) for various financial collateral types based on credit ratings and residual maturity, introduces a 1.40 multiplier for Segment 1 institutions under specific conditions, and defines eligibility criteria for collateral including credit-linked notes and COEs. The regulation also clarifies the treatment of credit derivatives, guarantees, and the substitution of exposures, with staggered effective dates starting July 1, 2023, and extending to October 1, 2023.
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BCB RESOLUTION
NO. 324, OF JUNE 14, 2023
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 assets (RWA) portion regarding credit risk exposures subject to the calculation of capital requirements using the standardized approach (RWACPAD) as addressed 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 June 14, 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 Art. 9, item II, of Law No. 12,865, of October 9, 2013, and considering Art. 3, § 2, of CMN Resolution No. 4,958, of October 21, 2021, Arts. 3, item VIII, and 14 of Resolution No. 4,282, of November 4, 2013, and Art. 3, § 2, of BCB Resolution No. 200, of March 11, 2022,
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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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