CMN Resolution No. 5038 — Amends Resolution CMN No. 4,958 of October 21, 2021, regarding minimum requirements for Reference Equity (PR), Tier 1 and Core Capital and Core Capital Surcharge (CCS)

CMN RESOLUTION NO. 5,038, OF SEPTEMBER 29, 2022

Amends
Resolution CMN No. 4,958, of October 21, 2021, which provides for the minimum requirements for Reference Equity (PR), Tier 1 and Core Capital and for the Core Capital Surcharge (CCS).

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on September 29, 2022, based on Arts. 4, items VIII and XI, of the aforementioned Law, 20, § 1, of Law No. 4,864, of November 29, 1965, in Law No. 6,099, of September 12, 1974, and in Arts. 1 and 12 of Complementary Law No. 130, of April 17, 2009,

R E S O L V E D:

Art. 1. Resolution CMN No. 4,958, of October 21, 2021, shall enter into force with the following alterations:

“Art. 3. ............................................................................................................

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§ 1. .................................................................................................................

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VII - RWACAM, relating to exposures in gold, foreign currency and assets subject to exchange rate variation whose capital requirement is calculated using the standardized approach;

VIII - RWADRC, relating to exposures to credit risk of financial instruments classified in the trading book; and

IX - RWACVA, relating to exposures to the risk of variation in the value of derivative financial instruments due to the variation in the credit quality of the counterparty.

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Art. 2. This Resolution enters into force on January 1, 2023.

Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil