Regulatory Alerts2020-06-10 | Circular 4025Circular No. 4025 — Amends Circular No. 3,691 of December 16, 2013, Regarding the Disclosure of the Libor Rate by the Central Bank of Brazil
The Collegiate Board of the Central Bank of Brazil issued Circular No. 4025 to amend Circular No. 3,691 of December 16, 2013. The amendment modifies Article 84 to redefine the interest rate component J as the one-month Libor rate for the operation's currency, adjusted by deducting one-quarter of one percent. This regulation entered into force on July 1, 2020.
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