CMN Resolution No. 5,077 — Amends Resolutions Nos. 4,557, 4,606, and 4,677

CMN Resolution No. 5,077 amends the regulatory frameworks for large banks (Resolutions 4,557 and 4,677) and smaller institutions (Resolution 4,606) regarding exposure limits and risk management. It establishes a maximum exposure limit of 25% of Reference Equity (PR) or Simplified Reference Equity (PRS5) per client for all segments, defines the calculation basis for exposures in banking and trading books, and introduces specific rules for derivatives, netting, and credit risk mitigation. The resolution also sets conditions under which exposures to payment acquirers/sub-acquirers can be valued at 20% of their book value, provided strict legal and structural safeguards are met.

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RESOLUTION
CMN NO. 5,077, OF MAY 18, 2023

Amends
Resolutions Nos. 4,557, of February 23, 2017, 4,606, of October 19, 2017, and 4,677, of July 31, 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 May 18, 2023, based on Articles 4, items VIII, X, XI, and XXII, and 22, § 1, of the aforementioned Law, 20, § 1, of Law No. 4,864, of November 29, 1965, 7 and 23, item “a”, of Law No. 6,099, of September 12, 1974, 1, § 1, and 12 of Complementary Law No. 130, of April 17, 2009, and 1, § 2, of Provisional Measure No. 2.192-70, of August 24, 2001,

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Lineage: In force

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This document amends: Resolution CMN No. 4677 — Establishes Maximum Exposure Limits per Client and Maximum Concentrated Exposures, Resolution CMN No. 4606 — Simplified Optional Methodology for Minimum Simplified Reference Equity (PRS5) Calculation and Simplified Risk Management Structure, Resolution CMN No. 4557 — Establishes the Risk Management Structure and Capital Management Structure

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