BCB Resolution No. 556 of April 1, 2026: Amends Circular No. 3,979 and Resolution BCB No. 356 to Postpone the Effective Date of Provisions Regarding the Operational Risk Database and Internal Loss Multiplier

Resolution No. 556

BCB RESOLUTION NO. 556, OF APRIL 1, 2026

Amends Circular No. 3,979, of January 30, 2020, and BCB Resolution No. 356, of November 28, 2023, to postpone the entry into force of provisions regarding the operational risk database and the Internal Loss Multiplier.

The Collegiate Board of the Central Bank of Brazil, in a session held on April 1, 2026, based on arts. 9, 10, main text, item IX, and 11, main text, item VII, of Law No. 4,595, of December 31, 1964, 9, main text, item II, and 15 of Law No. 12,865, of October 9, 2013, and 9-A of Law No. 4,728, of July 14, 1965, and having in view the provisions of art. 3, § 2, of CMN Resolution No. 4,958, of October 21, 2021, art. 3, § 2, of BCB Resolution No. 200, of March 11, 2022, art. 34 of Resolution No. 4,557, of February 23, 2017, and art. 36 of BCB Resolution No. 265, of November 25, 2022,

RESOLVES:

Art. 1º Circular No. 3,979, of January 30, 2020, published in the Official Gazette of the Union on January 31, 2020, shall enter into force with the following alterations:

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

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§ 1º Starting from June 1, 2027, the obligation referred to in this article must also be complied with by institutions classified in Segment 3 – S3, in accordance with the Resolutions referred to in items I and II of the main text.

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“Art. 3º
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V - gross loss value: quantifiable value associated with operational risk events, including provisions and expenses, before any eventual recovery;

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VII - recovered value: financial resource received from third parties with the purpose of restoring or indemnifying the institution for an operational loss, which is direct and immediate consequence of the operational risk event that caused the loss; and

VIII - related parties of an institution:

a) its controllers, natural or legal persons, in accordance with art. 116 of Law No. 6,404, of December 15, 1976;

b) its directors and members of statutory or contractual bodies;

c) the spouse, partner, and relatives, by blood or affinity, up to the second degree, of the natural persons mentioned in items “a” and “b”;

d) natural persons with qualified equity participation in its capital; and

e) legal persons:

1. with qualified equity participation in its capital;

2. in whose capital, directly or indirectly, there is qualified equity participation;

3. in which there is effective operational control or predominance in deliberations, regardless of equity participation; or

4. that have a director or member of the board of directors in common.

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§ 3º The definition of recovered value, referred to in item VII of the main text, does not include:

I - values received from related parties of the institution;

II - values that have not been registered accountingly as revenue; and

III - positive effects resulting from the tax deductibility of operational losses.” (NR)

“Art. 5º ....................................................................................................................................

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VI - the accumulated recovered value of the loss, observing art. 3, § 3;

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§ 2º The inclusion of the recovered value of the loss, referred to in item VI of the main text, shall only be admitted after the effective receipt by the institution and must be supported by documented proof of the settlement of the payment, reversal, or reimbursement.

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“Art. 9º
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§ 1º The request referred to in the main text must be duly justified and accompanied by an opinion from the institution’s internal audit, proving the absence of residual or similar exposure and that the operational risk event to be discarded is not associated with other processes or products of the institution.

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“Art. 10.
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§ 1º The following corrections must be previously communicated to the Central Bank of Brazil:

I - considered relevant; or

II - that cause significant changes in the database.

§ 2º The corrections referred to in § 1º must be duly documented and accompanied by clear and justified explanations.

§ 3º For the purposes of item I of § 1º, the relevance criteria established by the Central Bank of Brazil must be considered.” (NR)

“Art. 11.
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§ 6º Operational risk events whose values are lower than the limits established in § 5º must be submitted in a consolidated manner.

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§ 8º Starting from June 1, 2027, for institutions classified in S3, the following data coverage periods are admitted, alternatively to the provision in item II of § 1º:

I - five years, until June 30, 2027;

II - six years, until June 30, 2028;

III - seven years, until June 30, 2029;

IV - eight years, until June 30, 2030; and

V - nine years, until June 30, 2031.” (NR)

Art. 2º BCB Resolution No. 356, of November 28, 2023, published in the Official Gazette of the Union on November 30, 2023, shall enter into force with the following alterations:

“Art. 11. ..................................................................................................................................

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§ 4º The accumulated net loss of each operational loss event corresponds to the value of the effective loss, subtracted by the recovered value, including provisions for legal contingencies and their respective reversals.

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“Art. 12.
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§ 3º The exercise of the option for the calculation of the ILM in the manner of item II of the main text shall only be admitted starting from January 1, 2029.” (NR)

Art. 3º The following are revoked:

I - item III of the main text and § 1º of art. 5 of Circular No. 3,979, of January 30, 2020, published in the Official Gazette of the Union on January 31, 2020; and

II - Annex I of Circular No. 3,979, of January 30, 2020, published in the Official Gazette of the Union on January 31, 2020.

Art. 4º This Resolution enters into force on the date of its publication.

GILNEU FRANCISCO ASTOLFI VIVAN
Director of Regulation