RegAlert2021-09-15 | Resolução CMN 4944Added
CMN Resolution No. 4,944 — Amends Resolution No. 4,606 of October 19, 2017 Regarding the Simplified Methodology for PRS5 and Additional Risk Management Requirements
This resolution amends Resolution No. 4,606 to define social, environmental, and climate risks and mandates that institutions using the simplified continuous risk management structure implement specific mechanisms for identifying, monitoring, assessing, and measuring these risks. It establishes detailed criteria for control relationships with entities and sets the effective date for these requirements as December 1, 2022. The changes apply to financial institutions subject to the simplified methodology for calculating the Minimum Requirement for Simplified Reference Equity (PRS5).
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Resolution No. 4,944
CMN RESOLUTION
NO. 4,944, OF SEPTEMBER 15, 2021
Amends
Resolution No. 4,606, of October 19, 2017, which provides for the optional simplified methodology for calculating the minimum requirement for Simplified Reference Equity (PRS5), the requirements for opting for this methodology, and the additional requirements for the simplified structure for continuous risk management.
The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on August 26, 2021, based on Arts. 3, item VI, and 4, items VIII and XI, of the aforementioned Law, 9 and 10 of Law No. 4,728, of July 14, 1965, 20, § 1, of Law No. 4,864, of November 29, 1965, 7 and 23 of Law No. 6,099, of September 12, 1974, and 1, § 1, and 12 of Complementary Law No. 130, of April 17, 2009,
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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