2013-03-01 | Resolução CMN 4193

Added 2026-09-25

CMN Resolution No. 4193 — Regulates the Calculation of Minimum Requirements for Reference Equity (RE), Tier 1, and Core Capital and Establishes the Core Capital Add-on

This resolution mandates that financial institutions calculate and maintain minimum levels of Reference Equity (RE), Tier 1, and Core Capital based on Risk-Weighted Assets (RWA), applying specific capital factors that phase in from 8% to 11% between 2013 and 2019. It introduces a Core Capital Add-on with variable limits set by the Central Bank of Brazil, triggering restrictions on variable remuneration, dividend payments, and share buybacks if institutions fail to meet these additional requirements. Credit cooperatives are subject to a 4 percentage point increase in minimum requirements, and institutions must designate a director responsible for RWA calculation and capital adequacy processes. The regulation supersedes previous resolutions, establishing new definitions for required equity and effective capital management standards starting October 1, 2013.

Brazil

Banco Central do Brasil

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CMN Resolution No. 4193

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 an extraordinary session held on March 1, 2013, based on Articles 4, items VIII and XI, of the aforementioned Law, Article 20, § 1, of Law No. 4,864 of November 29, 1965, Law No. 6,099 of September 12, 1974, and Articles 1 and 12 of Complementary Law No. 130 of April 17, 2009,

RESOLVES:

CHAPTER I

OBJECT AND SCOPE OF APPLICATION

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Lineage: Superseded

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Show all related documents (28)

Superseded by: CMN Resolution No. 4,958 — Minimum Requirements for Reference Equity, Tier 1 and Core Capital and Additional Core Capital2021
Supersedes: Resolution No. 2772 dated 2000-08-30not in RegAlert
Amended by: Resolution CMN No. 4606 — Simplified Optional Methodology for Minimum Simplified Reference Equity (PRS5) Calculation and Simplified Risk Management Structure2017
Issued under: Complementary Law No. 130, of April 17, 2009 – National Cooperative Credit System2009Law No. 4595 dated 1964-12-31not in RegAlertLaw No. 4864 dated 1965-11-29not in RegAlertLaw No. 6099 dated 1974-09-12not in RegAlertResolution No. 3490 dated 2007-08-29not in RegAlert
Basis for: Circular No. 4030 — Amends Circular No. 3,809 of August 25, 2016, Establishing Procedures for Recognizing Mitigating Instruments in RWA Calculations for Credit Risk Exposures2020 Circular No. 4026 — Amends Circular No. 3,809 of August 25, 2016 Regarding Risk Mitigation Instruments for Credit Risk-Weighted Assets2020 Circular No. 4024 — Amends Circular No. 3,644 of March 4, 2013 Regarding the Standardized Approach for Credit Risk Capital Requirements2020 Circular 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 Approach2020
Refers to: Resolution CMN No. 3464 – Provides for the implementation of a market risk management structure2007 Resolution CMN No. 2827 — Consolidates and redefines rules for credit contingency to the public sector2001 Resolution CMN No. 2283 — Consolidated Calculation of Operational Limits and Permanent Asset Application Cap1996
Referred to by: BCB Resolution No. 186 — Amends BCB Resolution No. 111 of July 6, 2021, regarding classification criteria for trading or banking book instruments, governance requirements for market risk desks, and internal risk transfer recognition2022 Normative Instruction BCB No. 165 — Amends the Filling Instructions and Layout of Document Code 2061 - Operational Limits Statement (DLO)2021 CMN Resolution No. 4,943 of September 15, 20212021 Normative Instruction BCB No. 137 of July 30, 20212021 Normative Instruction BCB No. 101 of April 26, 2021: Procedures for Remitting Information on Market Risk, IRRBB, and RWA Exposures2021 Normative Instruction BCB No. 102 of April 26, 20212021
+7 more
BCB Resolution No. 84 — Consolidates Procedures for Reporting Market Risk, IRRBB, and RWA Exposures2021 BCB Resolution No. 69 — Amends and Consolidates Procedures for Reporting Information on Regulatory Limits and Standards2021 Circular Letter No. 4063 — Amends the Layout and Filling Instructions for Document Code 2061 - Operational Limits Statement (DLO)2020 Circular Letter No. 4058 - Amends the Layout and Filling Instructions for Document Code 2061 - Operational Limits Statement (DLO)2020 Circular Letter No. 4045 - Amends the Layout and Filling Instructions for Document Code 2061 - Operational Limits Statement (DLO)2020 CMN Resolution No. 4589 - Defines exposure limit and annual global credit limit for public sector entities2017 Resolution CMN No. 4557 — Establishes the Risk Management Structure and Capital Management Structure2017

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Amended 2 times · last 2021-10-21

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