CMN Resolution No. 4,956 — Establishes Maximum Limit for Exposure to Gold, Foreign Currency, and Exchange Rate Variation Operations

CMN Resolution No. 4,956 establishes a maximum exposure limit of 30% of Reference Equity (PR) for financial institutions regarding gold, foreign currency, and exchange rate variation operations. This limit must be maintained permanently and calculated on a consolidated basis for prudential conglomerates, with the Bank of Brazil defining the calculation parameters. The Bank of Brazil retains the authority to adjust this limit between 15% and 75% of PR, and the Chief Risk Officer (CRO) is designated as responsible for the associated controls. The resolution revokes previous resolutions 3,488 and 4,388 and enters into force on January 3, 2022.

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CMN RESOLUTION
NO. 4,956, OF OCTOBER 21, 2021

Establishes maximum limit for the amount of exposure to gold, foreign currency, and operations subject to exchange rate variation.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on October 21, 2021, considering the provisions of Article 4, items VIII and XI, of the aforementioned Law,

RESOLVES:

Article 1. This Resolution establishes the maximum limit for exposure to gold, foreign currency, and operations subject to exchange rate variation for financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

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Lineage: In force

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This document supersedes: Resolution CMN No. 3488 — Establishes Limit for Total Exposure in Gold, Foreign Currency, and Operations Subject to Exchange Rate Variation

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