RegAlert2024-11-28 | Resolução BCB 440Added
BCB Resolution No. 440 — Recovery and Resolution Planning for Payment Institutions and the Recovery and Organized Exit Plan (PRSO)
BCB Resolution No. 440 mandates payment institutions performing critical functions to implement recovery and resolution planning and submit a Recovery and Organized Exit Plan (PRSO) upon determination by the Central Bank of Brazil. The regulation requires the establishment of management information systems, monitoring programs with critical thresholds, stress testing, and specific governance structures for boards and directors. It defines detailed content requirements for the PRSO, including organizational profiles, support structures, and strategies for recovery and resolution, while imposing strict communication obligations regarding critical indicators and viability perspectives.
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Resolution No. 440
BCB RESOLUTION NO. 440, OF NOVEMBER 28, 2024
Provides for the process of planning the recovery and resolution of payment institutions and on the content, preparation, and submission of the Recovery and Organized Exit Plan – PRSO.
The Collegiate Board of the Central Bank of Brazil, in a session held on November 28, 2024, based on the provisions of Articles 9, 10, caput, item IX, and 11, caput, item VII, of Law No. 4,595, of December 31, 1964, Articles 9 and 13 of Law No. 12,865, of October 9, 2013, and Article 3, caput, items III and VIII, of Resolution No. 4,282, of November 4, 2013, and in view of the provisions of CMN Resolution No. 5,187, of November 28, 2024,
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Lineage: In force
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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