BCB Resolution No. 328 — Amends BCB Resolution No. 84 of March 31, 2021, regarding procedures for reporting market risk, IRRBB, and RWA exposures

BCB RESOLUTION NO. 328, OF JUNE 14, 2023

Amends BCB Resolution No. 84 of March 31, 2021, which consolidates the procedures for the submission of information regarding exposures to market risk, to interest rate variation risk in instruments classified in the banking book (IRRBB), and to exposures related to the calculation of Risk-Weighted Assets (RWA) for market risk, used for the purpose of calculating the minimum requirements for Reference Equity (PR), Tier 1, Core Capital, and the Core Capital Surcharge.

The Collegiate Board of the Central Bank of Brazil, in a session held on June 14, 2023, based on the provisions of Arts. 10, item IX, 11, item VII, and 37 of Law No. 4.595 of December 31, 1964, Art. 9º-A of Law No. 4.728 of July 14, 1965, Art. 1, § 1º of Complementary Law No. 130 of April 17, 2009, Art. 9º, items II and VIII of Law No. 12.865 of October 9, 2013, and considering the provisions of Resolution No. 4.553 of January 30, 2017, CMN Resolution No. 5.051 of November 25, 2022, CMN Resolution No. 5.061 of February 16, 2023, as well as BCB Resolutions No. 197 of March 11, 2022, and No. 265 of November 25, 2022,

R E S O L V E:

Art. 1º BCB Resolution No. 84 of March 31, 2021, shall enter into force with the following alterations:

“Art. 1º ............................................................................................................

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§ 1º 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. 197 of March 11, 2022.

§ 2º The provisions of this Resolution do not apply:

I - to payment institutions not belonging to a prudential conglomerate; and

II - to institutions belonging to a Type 2 prudential conglomerate.” (NR)

“Art. 2º ............................................................................................................

I - by the lead institution of each prudential conglomerate, on a consolidated basis, regarding the information of the institutions comprising the conglomerate, in accordance with the consolidation adopted for the calculation of Reference Equity;

II - 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 organized systems of three or two levels; and

III - by cooperative banks, by credit confederations, by service confederations constituted by central credit cooperatives or by central credit cooperatives, regarding the information of the total of cooperatives comprising organized systems of three or two levels, on an individual basis.

§ 1º The Central Bank of Brazil may request the submission of the information referred to in Art. 1º relating to base dates different from that established in the caput.

§ 2º Payment institutions that are lead institutions of Type 3 prudential conglomerates are included in item I of the caput.

§ 3º 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 in effective operation.” (NR)

Art. 2º The sole paragraph of Art. 2º of BCB Resolution No. 84 of 2021 is hereby revoked.

Art. 3º This Resolution enters into force:

I - on October 1, 2023, regarding Art. 1º, in the part that amends items II and III of Art. 2º of BCB Resolution No. 84 of 2021; and

II - on July 1, 2023, regarding the remaining provisions.

Paulo Sérgio Neves de Souza
Director of Supervision

Otávio Ribeiro Damaso
Director of Regulation