Instruction Normative BCB No. 639 — Amends Instruction Normative BCB No. 385 of May 30, 2023

Vote

BCB INSTRUCTION NO. 639, OF JUNE 17, 2025

Amends
BCB Instruction No. 385, of May 30, 2023.

The Head of the Prudential and Exchange Regulation Department (Dereg), in the exercise of the powers conferred upon him by Arts. 23, item I, letter “a”, and 119, item I, letter “d”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, and having in view the provisions of BCB Resolution No. 54, of December 16, 2020, and Art. 63 of BCB Resolution No. 265, of November 25, 2022,

R E S O
L V E:

Art. 1º BCB Instruction No. 385, of May 30, 2023, shall enter into force with the following amendments:

“Art. 1º-G. The Pillar 3 Report shall enter into force supplemented by the following tables:

I - Table ORA: Qualitative information on operational risk management;

II - Table OR1: Operational loss history;

III - Table OR2: Composition of the Business Indicator (BI); and

IV - Table OR3: Capital requirement for operational risk.” (NR)

Art.
2º This Instruction Normative shall enter into force on the date of its publication.

Ricardo
Franco Moura

INFORMATION NOTE

Subjects
of Regulation – Amends
BCB Instruction No. 385, of May 30, 2023, to include layouts
of the tables related to operational risk.

1. BCB Resolution No. 356, issued on November 28, 2023, established the new standardized approach for calculating the risk-weighted asset component related to the calculation of the capital requirement for operational risk (RWAOPAD). For the adequate adaptation of regulated institutions to the new framework, the entry into force date was set for January 1, 2025. At that time, BCB Resolution No. 54, of December 16, 2020, which deals with the Pillar 3 Report, was also amended to provide for a new section for standardized disclosure requirements regarding operational risk information.

2. With the entry into force of the new framework, it is necessary to disclose the layout of the tables provided for in the aforementioned BCB Resolution No. 54, of 2020.

3. Thus, this instruction normative discloses the layout of the four new tables provided for in the operational risk section of BCB Resolution No. 54, of 2020, namely:

I - Table ORA:
Qualitative information on operational risk management;

II - Table OR1: Operational loss history;

III - Table OR2:
Composition of the Business Indicator (BI); and

IV - Table OR3: Capital requirement for operational risk.

4. It is important to note that the operational risk tables must be disclosed annually, relative to the data base date of December 31. Thus, the first disclosure will occur only in 2026, considering the 2025 data base. This instruction normative enters into force on the date of its publication so that institutions subject to this disclosure have sufficient time to adapt their systems and procedures to the new tables.

5. Finally, I highlight that Art. 4, item II, of Decree No. 10.411, of June 30, 2020, which establishes the need for Regulatory Impact Analysis (AIR) in the issuance of normative acts by the organs and entities of the direct, autarchic, and foundational federal public administration, exempts the case of AIR for normative acts intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. Thus, considering that the obligation to disclose the information has already been regulated by BCB Resolution No. 54, of 2020, I consider the issuance of this instruction normative exempt.

Ricardo Franco Moura
Head of the Prudential and Exchange Regulation Department