BCB Resolution No. 555 of March 24, 2026

Resolution No. 555

BCB RESOLUTION NO. 555, OF MARCH 24, 2026

Amends
Circular No. 3,846, of September 13, 2017, and BCB Resolution No. 478, of May 30, 2025.

The Collegiate Board of the Central Bank of Brazil, in a session held on March 24, 2026, based on the provisions of Arts. 9, 10, main text, item IX, and 11, main text, item VII, of Law No. 4,595, of December 31, 1964, Art. 1, main text and § 1, of Complementary Law No. 130, of April 17, 2009, and considering the provisions of Art. 40, § 2, of Resolution No. 4,557, of February 23, 2017, and Art. 4, § 1, items I and III, of CMN Resolution No. 5,223, of May 30, 2025,

R E S O L V E:

Art. 1. Circular No. 3,846, of September 13, 2017, published in the Official Gazette of the Union – DOU on September 15, 2017, shall enter into force with the following amendments:

“Art. 1. This Circular provides for:

I - the Internal Process for Assessment of Capital Adequacy – ICAAP and the Simplified Internal Process for Assessment of Capital Adequacy – ICAAP Simp, as referred to in Resolution No. 4,557, of February 23, 2017, and BCB Resolution No. 265, of November 25, 2022, applicable to institutions of Type 3; and

II - the ICAAP Simp referred to in Art. 4, § 1, item III, of CMN Resolution No. 5,223, of May 30, 2025.

§ 1. .........................................................................................................................................

§ 2. The ICAAP Simp referred to in Art. 4, § 1, item III, of CMN Resolution No. 5,223, of May 30, 2025, shall comply with the requirements established in Annex I to this Circular.” (NR)

Art. 2. Circular No. 3,846, of September 13, 2017, published in the DOU on September 15, 2017, shall enter into force supplemented by Annex I, in the form of the annex to this Resolution.

Art. 3. BCB Resolution No. 478, of May 30, 2025, published in the DOU on June 2, 2025, shall enter into force with the following amendments:

“Art. 17. ..................................................................................................................................

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§ 1. .........................................................................................................................................

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§ 2. Institutions belonging to the same cooperative system of institutions that obtained the authorization referred to in the main text must calculate the RA according to the formulas of the main text, as applicable.” (NR)

Art. 4. This Resolution enters into force on July 1, 2026.

GILNEU FRANCISCO ASTOLFI VIVAN

Director of Regulation

ANNEX TO BCB RESOLUTION NO. 555, OF MARCH 24, 2026

(ANNEX I TO CIRCULAR NO. 3,846, OF SEPTEMBER 13, 2017)

Details the Simplified Internal Process for Assessment of Capital Adequacy – ICAAP Simp, as referred to in Art. 4, § 1, item III, of CMN Resolution No. 5,223, of May 30, 2025.

CHAPTER I

OF THE OBJECT AND SCOPE OF APPLICATION

Art. 1. This Annex provides for the Simplified Internal Process for Assessment of Capital Adequacy – ICAAP Simp that

the cooperative bank, the credit confederation, the central credit cooperative, or the singular credit cooperative classified in Segment 2 – S2 must carry out when exercising the option referred to in Art. 4 of CMN Resolution No. 5,223, of May 30, 2025.

Sole paragraph. The ICAAP Simp referred to in the main text is unique per cooperative system and must be the responsibility of the institution classified in S2, in accordance with Resolution No. 4,553, of January 30, 2017.

CHAPTER II

OF THE ELEMENTS ASSESSED

Art. 2. The ICAAP Simp referred to in Art. 1 must, within the scope of this Annex, allow for the assessment, over a three-year horizon:

I - the sufficiency of capital of the singular credit cooperatives belonging to the cooperative system whose risk levels and profiles indicate the possibility of operation of the Risk Sharing Mechanism – MCR, in accordance with the provisions of Section II of Chapter V of BCB Resolution No. 478, of May 30, 2025; and

II - the capacity of the MCR to timely ensure resources for the preservation of liquidity, solvency, and soundness of the singular credit cooperatives belonging to the cooperative system.

§ 1. The assessment referred to in the main text must:

I - be based on the risk stratification system referred to in Art. 20, § 1, item I, of BCB Resolution No. 478, of May 30, 2025;

II - identify the singular credit cooperatives that present fragilities or risks likely to require action within the scope of MCR governance; and

III - project the cash flow of the MCR.

§ 2. Compliance with the requirement established in item I of § 1 includes, at a minimum, the information of the classification of each singular credit cooperative belonging to the respective cooperative system in terms of risk stratification, as well as the provision of the following information:

I - the respective participation of each cooperative in the MCR and the projection of this participation over a three-year horizon; and

II - the data and methodology used for risk stratification, in order to allow its reconstruction from alternative forms of aggregation of the considered risks.

§ 3. The identification referred to in item II of § 1 must:

I - cover, at a minimum:

a) the singular credit cooperatives whose probability of requiring action within the scope of MCR governance, according to the risk stratification system referred to in Art. 20, § 1, item I, of BCB Resolution No. 478, of May 30, 2025, is classified at a level equal to or higher than the ninety-fifth percentile of the risk distribution of the respective cooperative system; and

b) the singular credit cooperatives that present insufficiency in complying with regulatory requirements or in observing limits related to solvency or liquidity;

II - individually discriminate the relevant risks of each identified singular credit cooperative, including those mentioned in Art. 3 of Circular No. 3,846, of September 13, 2017; and

III - describe the planned form of action of MCR governance intended to mitigate the risks referred to in item II, including considering the provisions of Art. 20, § 1, item II, of BCB Resolution No. 478, of May 30, 2025.

CHAPTER III

GENERAL PROVISIONS

Art. 3. The ICAAP Simp referred to in Art. 1 must be submitted to an independent validation process of the execution process that assesses, at a minimum:

I - the methodologies and assumptions used in the identification and projection referred to in Art. 2, § 1, items II and III;

II - the correlation estimates, when used;

III - the inclusion of all relevant risks in the identification referred to in Art. 2, § 1, item II;

IV - the comprehensiveness, consistency, integrity, and reliability of input data, as well as the independence of their sources; and

V - the consistency and reliability of the information comprising the report referred to in Art. 4.

§ 1. The validation process is the exclusive responsibility of the institution referred to in Art. 1, sole paragraph.

§ 2. The validation process must be adequately documented and its results submitted to the institution's board of directors, risk committee, and board of administration, if existing.

§ 3. The validation process must be carried out, at a minimum, every three years.

Art. 4. An annual report with a base date of December 31 regarding the ICAAP Simp referred to in Art. 1 must be prepared.

§ 1. The report referred to in the main text must be:

I - approved by the board of administration or, in its absence, by the institution's board of directors;

II - made available to the Central Bank of Brazil by April 30 of the year following the reference base date; and

III - kept available to the Central Bank of Brazil for a period of five years.

§ 2. The Central Bank of Brazil may, at its discretion, determine that the report referred to in the main text be prepared according to a specific model.

Art. 5. At the time of requesting the authorization referred to in Art. 4, § 1, of CMN Resolution No. 5,223, of May 30, 2025, the requesting institution must make available to the Central Bank of Brazil a report regarding the ICAAP Simp referred to in Art. 1 of this Annex, accompanied by the legal opinion referred to in Art. 18, main text, item VI, of BCB Resolution No. 478, of May 30, 2025.

Sole paragraph. The documents mentioned in the main text must have the base date on:

I - December 31 of the previous year, if the authorization request occurs between January 1 and June 30; or

II - June 30, in other cases.