CMN Resolution No. 5,187 — Recovery and Resolution Planning Process for Financial Institutions

CMN Resolution No. 5,187 mandates that financial institutions in Segment 1 (S1) implement recovery and resolution planning and submit an Organized Exit and Recovery Plan (PRSO) to the Central Bank of Brazil. The regulation defines critical functions, critical services, and resolvability assessments, requiring institutions to maintain robust management information systems, monitoring programs, and stress testing capabilities. It establishes governance obligations for boards and directors, including the appointment of a responsible director, the approval of the PRSO, and the immediate reporting of critical indicator breaches. The resolution also requires the maintenance of transition institution mechanisms and the public disclosure of a summary of the PRSO on the institution's website.

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Resolution No. 5,187

CMN RESOLUTION NO. 5,187, OF NOVEMBER 28, 2024

Provides for the recovery and resolution planning process for financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on November 21, 2024, based on Article 4, caput, item VIII, of the aforementioned law, Article 9-A 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 of Law No. 6,099, of September 12, 1974, Article 1, caput, item II, of Law No. 10,194, of February 14, 2001, Article 6 of Decree-Law No. 759, of August 12, 1969, and Article 9 of Law No. 12,865, of October 9, 2013,

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Lineage: In force

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Show all related documents (13)

Supersedes: Resolution No. 4502 dated 2016-06-30not in RegAlertResolution No. 4704 dated 2018-12-19not in RegAlert
Amends: Resolution CMN No. 4557 — Establishes the Risk Management Structure and Capital Management Structure2017
Issued under: Law No. 12,865, of October 9, 2013 — payment arrangements and payment institutions that are part of the Brazilian Payment System2013Act No. 759 dated 1969-08-12not in RegAlertLaw No. 10194 dated 2001-02-14not in RegAlertLaw No. 4595 dated 1964-12-31not in RegAlertLaw No. 4728 dated 1965-07-14not in RegAlertLaw No. 4864 dated 1965-11-29not in RegAlert
+1 more
Law No. 6099 dated 1974-09-12not in RegAlert
Basis for: Central Bank of Brazil Instruction Normative No. 573 — Establishes the Submission Date for the First Organized Recovery and Orderly Exit Plan (PRSO)2024 BCB Resolution No. 440 — Recovery and Resolution Planning for Payment Institutions and the Recovery and Organized Exit Plan (PRSO)2024
Referred to by: CMN Resolution No. 5223 — Minimum Leverage Ratio Requirement and Compliance Conditions2025

Timeline

This document amends: 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