Regulatory Alerts2020-04-22 | Circular 4006Circular No. 4006 — Amends Circulars No. 3,644 of March 4, 2013, and No. 3,748 of February 27, 2015, Regarding Capital Requirements for Credit Risk Exposures Under the Standardized Approach
The Central Bank of Brazil issued Circular No. 4006 to amend Circulars No. 3,644 and No. 3,748, updating the calculation of capital requirements for credit risk exposures under the standardized approach. The amendments introduce specific exclusions for import letters of credit fully settled in national currency and credit operations with public sector entities involving highlighted portions of Level I eligible instruments. Additionally, the regulation excludes credit operations covered by the Emergency Employment Support Program established by Provisional Measure No. 944 of April 3, 2020, which are funded with Union resources.
Share