CMN RESOLUTION No. 5,222, OF MAY 30, 2025

Amends Resolution No. 4,557, of February 23, 2017, which provides for the risk management framework, the capital management framework and the information disclosure policy, and Resolution No. 4,401, of February 27, 2015, which provides for the minimum limits of the Short‑Term Liquidity Indicator – LCR and the conditions for its observance.

The Central Bank of Brazil, pursuant to art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on May 22, 2025, based on arts. 4, caput, item VIII, of the said Law; art. 20, § 1, of Law No. 4,864, of November 29, 1965; arts. 7 and 23, caput, paragraph “a”, of Law No. 6,099, of September 12, 1974; art. 1, caput, item II, of Law No. 10,194, of February 14, 2001; art. 6 of Decree‑Law No. 759, of August 12, 1969; and art. 1, § 1, of Complementary Law No. 130, of April 17, 2009,

RESOLVES:

Article 1. Resolution No. 4,557, of February 23, 2017, published in the Official Gazette of the Union on March 1, 2017, shall now apply with the following amendments:

“Article 38. ..............................................................................................................................

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c) maintenance of a resource‑raising profile appropriate to the liquidity risk of the assets and of exposures not accounted for in the institution’s balance sheet;

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e) the timely transfer of liquidity between institutions that are part of the same prudential conglomerate, in normal or stress situations; and

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§ 4. The institution shall promptly identify statutory or contractual restrictions and any impediments, including legal and regulatory ones, that may hinder liquidity transfers, as well as establish measures to mitigate their effects.

§ 5. For the purposes of this Resolution, jurisdiction is considered the perimeter that delineates the action of the financial regulatory and supervisory authority over a set of institutions.” (NR)

Article 2. Resolution No. 4,401, of February 27, 2015, published in the Official Gazette of the Union on March 3, 2015, shall now apply with the following amendments:

“Article 5.

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§ 1. For the institutions referred to in the caput that belong to a prudential conglomerate or sub‑conglomerate, the LCR must be calculated and observed:

I - on a consolidated basis, covering the entities that are part of the prudential conglomerate; and

II - on a sub‑consolidated basis, covering the entities that are part of the prudential sub‑conglomerate, pursuant to CMN Resolution No. 4,950, of September 30, 2021.

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§ 4. The sub‑consolidation referred to in § 1 shall exclude foreign branches.” (NR)

Article 3. This Resolution shall enter into force:

I - on July 1, 2026, with respect to Article 2; and

II - on September 1, 2025, with respect to the remaining provisions.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil