RegAlert2017-06-29 | Resolução CMN 4589Added
CMN Resolution No. 4589 - Defines exposure limit and annual global credit limit for public sector entities
CMN Resolution No. 4589 limits the total credit operations of financial institutions with public sector entities to 45% of Reference Equity (PR), with specific exclusions for operations guaranteed by the Union. It establishes a prohibition on lending to public entities that are more than 30 days past due or have registration pending in the Cadip system, and bans the acceptance of certain public sector guarantees for supplier debts. The resolution maintains the Cadip system, authorizes the Central Bank of Brazil to publish specific credit information, and sets an annual global limit for new operations defined in an annex. It enters into force on January 1, 2018, and revokes previous resolutions.
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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 June 29, 2017, considering the provisions of Article 4, items VI and VIII, of the aforementioned Law,
R E S O L V E D:
Art. 1. The amount of credit operations of each financial institution and other institutions authorized to operate by the Central Bank of Brazil with public sector bodies and entities is limited to 45% (forty-five percent) of Reference Equity (RE), in accordance with current regulations.
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Lineage: Superseded
Timeline
Amended 3 times · last 2022-03-24
- 2022-03-24
BCBCMN Resolution No. 4,995 — Revises and Consolidates Rules on Credit Limits for Public Sector Operationssupersedes
- 2020-06-18
- 2020-06-01
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