RegAlertRule · BCB · 30 Nov 2017 · Resolução CMN 4615
CMN Resolution No. 4615 — Establishes the Minimum Requirement for the Leverage Ratio (LR) and Conditions for Compliance
This resolution mandates a permanent minimum Leverage Ratio (LR) of 3% for financial institutions and other entities authorized by the Central Bank of Brazil classified in Segment 1 (S1) or Segment 2 (S2). Affected institutions must designate a director responsible for ensuring compliance with this requirement, with restrictions on that director holding roles involving third-party resource management or conflicting interests. The regulation entered into force on January 1, 2018.
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 November 30, 2017, based on Articles 4, items VIII and XI, of the aforementioned Law, Article 2, item VI, and Article 9 of Law No. 4,728 of July 14, 1965, Article 20, § 1, of Law No. 4,864 of November 29, 1965, Articles 7 and 23, item 'a', of Law No. 6,099 of September 12, 1974, Article 1, item II, of Law No. 10,194 of February 14, 2001, Article 6 of Decree-Law No. 759 of August 12, 1969, and Article 1, § 1, of Complementary Law No. 130 of April 17, 2009,
R E S O L V E S:
Article 1. This Resolution establishes the minimum requirement for the Leverage Ratio (LR), calculated in accordance with regulations of the Central Bank of Brazil, and the conditions for its compliance.
Sole Paragraph. The provisions of this Resolution apply to financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in Segment 1 (S1) or Segment 2 (S2), in accordance with Resolution No. 4,553 of January 30, 2017.
Article 2. The institutions referred to in the sole paragraph of Article 1 of this Resolution must permanently comply with a minimum Leverage Ratio (LR) requirement of 3% (three percent).
Article 3. The institutions referred to in the sole paragraph of Article 1 of this Resolution must indicate to the Central Bank of Brazil a director responsible for compliance with the minimum requirement established in Article 2 of this Resolution.
Sole Paragraph. For the purposes of the responsibility referred to in the main text, it is admitted that the indicated director may perform other functions within the institution, except those related to the management of third-party resources or others that may imply conflicts of interest or represent a deficiency in the segregation of functions.
Article 4. This Resolution enters into force on January 1, 2018.
Ilan Goldfajn
President of the Central Bank of Brazil
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- Obligation 2
- Permission 1
- Definition / condition 2
- background, boilerplate
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (12)
- Superseded by
“Resolution No. 4,615, of November 30, 2017, published in the Official Gazette of the Union – DOU on December 4, 2017”
- Issued under
“Article 1, § 1, of Complementary Law No. 130 of April 17, 2009”
“Article 1, item II, of Law No. 10,194 of February 14, 2001”
“Articles 7 and 23, item 'a', of Law No. 6,099 of September 12, 1974”
“Article 6 of Decree-Law No. 759 of August 12, 1969”
“Article 20, § 1, of Law No. 4,864 of November 29, 1965”
“Article 2, item VI, and Article 9 of Law No. 4,728 of July 14, 1965”
+1 more
“in accordance with Article 9 of Law No. 4,595 of December 31, 1964”
- Basis for
“art. 1 of Resolution No. 4,615, of November 30, 2017”
“and Article 1 of Resolution No. 4,615, of November 30, 2017”
“and Article 1 of Resolution No. 4,615 of November 30, 2017”
“and Art. 1 of Resolution No. 4,615, of November 30, 2017”
Mentions (3): 1 document this one mentions and 2 documents that mention it, without changing it
- Refers to
“in accordance with Resolution No. 4,553 of January 30, 2017”
- Referred to by
“4,615, of November 30, 2017”
“the Leverage Ratio (RA), as provided in Resolution No. 4,615 of November 30, 2017;”
Timeline
Amended 1 time · last 2025-05-30
- 2025-05-30
BCBCMN Resolution No. 5223 — Minimum Leverage Ratio Requirement and Compliance Conditionssupersedes
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