Normative Instruction BCB No. 244 — Consolidates Procedures for Remitting Information for Global Systemic Importance Assessment (IAISG)

INSTRUCTION BCB NO. 244, OF MARCH 21, 2022

Consolidates the procedures for the remittance of information for the assessment of global systemic importance (IAISG), as provided for in Resolution BCB No. 171, of December 9, 2021.

The Head of the Financial System Monitoring Department (Desig), in the exercise of the authority granted to him by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on art. 77, item III, of said Regulations, and in view of the provisions of Resolution BCB No. 171, of December 9, 2021,

R E S O L V E :

Art. 1º This Normative Instruction establishes procedures for the remittance of information for the assessment of global systemic importance of financial institutions, as provided for in Resolution BCB No. 171, of December 9, 2021.

Sole Paragraph. The provisions of this Normative Instruction apply to institutions classified in Segment 1 (S1), which have Gross Total Exposure greater than €200,000,000,000.00 (two hundred billion euros), in accordance with art. 3º of Resolution BCB No. 171, of 2021.

Art. 2º The information for the assessment of global systemic importance of financial institutions must be sent by the institutions referred to in art. 1º through Document 1200 – Information for Assessment of Global Systemic Importance (IAISG), observing the provisions contained in the Annex of this Normative Instruction.

Sole Paragraph. The remittance referred to in the caput must be carried out annually, within a maximum period of 90 (ninety) days after the respective calculation data base date, as provided for in art. 17 of Resolution BCB No. 171, of 2021.

Art. 3º The information referred to in art. 2º comprises:

I - information for the calculation of the global systemic importance index (GSI);

II - set of auxiliary indicators.

Art. 4º As provided for in art. 17 of Resolution BCB No. 171, of 2021, Document 1200 – IAISG must be sent:

I - by the leading institution of each conglomerate, in the case of consolidated information; and

II - by the other financial institutions subject to the calculation of IAISG, not belonging to conglomerates, in the case of reporting information for each entity.

Art. 5º For institutions that are part of a prudential conglomerate, the calculation of IAISG must be performed on a consolidated basis, observing the provisions of art. 5º of Resolution BCB No. 171, of 2021.

Art. 6º The institutions mentioned in art. 1º must indicate an employee qualified to answer any questions regarding the information provided in accordance with this Normative Instruction.

Sole Paragraph. The indication referred to in the caput must be registered and kept updated in the Information System on Entities of Interest of the Central Bank (Unicad).

Art. 7º The following are revoked:

I - Circular Letter No. 3,752, of February 5, 2016.

Art. 8º This Normative Instruction enters into force on May 2, 2022.

Gilneu Francisco Astolfi Vivan

ANNEX TO INSTRUCTION BCB NO. 244, OF MARCH 21, 2022

Document Code: 1200.

Document Name: Information for Assessment of Global Systemic Importance (IAISG)

Remittance Frequency: Annual.

Data base date: December 31, except as provided for in items I, III and IV of art. 12 and XII of art. 16 of Resolution BCB No. 171, of 2021, the information for which must correspond to the calendar year.

Data base date: December 31, except as provided for in items I, III, IV and IV-A of art. 12 and XII of art. 16 of Resolution BCB No. 171, of 2021, the information for which must correspond to the calendar year. (Wording given by Instruction BCB No. 434, of 12/4/2023.)

Deadline for remittance: up to 90 (ninety) days after the respective calculation data base date.

Unit Responsible for Curation: Desig.

Method of Remittance: Electronic means.

System for Remittance: File Transfer System (STA), as regulated and made available on the Central Bank of Brazil’s page on the Internet, at the address https://www.bcb.gov.br/acessoinformacao/sistematransferenciaarquivos.

Format for Remittance: Excel.

Additional Elements for Preparation and Remittance:

The information for Assessment of Global Systemic Importance (IAISG) must be calculated based on the provisions of Resolution BCB No. 171, of 2021.

The layout and filling instructions will be sent by the Central Bank of Brazil to the institutions that are required to comply with the provisions of Resolution BCB No. 171, of 2021.

Registration of the employee designated to answer questions: in the “Links - Inclusion - Internal Audit / Ombudsman / Resp. for Sending Information” module of Unicad.

Electronic address for resolving doubts about the remittance and completion of the document: iaisg@bcb.gov.br.

Institutions obligated to remit: institutions classified in Segment 1 (S1), which have Gross Total Exposure greater than €200,000,000,000.00 (two hundred billion euros), except for institutions whose exposures in the Country are computed in the IAISG of an institution headquartered in another jurisdiction.

NOTE

The document with code 1200 aims to capture information for the Assessment of Global Systemic Importance (IAISG), whose normative basis is Resolution BCB No. 171, of December 9, 2021. The annual submission of IAISG results from Brazil’s participation in the international effort coordinated by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision, to mitigate the effects resulting from the presence of globally systemically important banks (G-SIBs).

2. Decree No. 10,139, of November 28, 2019, establishes the obligation for federal direct, autonomous, and foundation administrative bodies to review and consolidate normative acts issued within the scope of their respective competencies. This measure aims to review, update, simplify, and consolidate normative acts, in order to rationalize the regulatory stock. Based on the aforementioned decree, we proceeded to consolidate and update, in a single BCB Normative Instruction, the circular letter that deals with document code 1200 - information for the Assessment of Global Systemic Importance (IAISG).

3. In this context, the Normative Instruction currently presented proposes improvements in wording and updates the method of annual calculation of IAISG and the remittance of respective information to this Central Bank, in line with the recommendations and deadlines defined by the Basel Committee and established in Resolution BCB No. 171, of 2021.

4. Decree No. 10,411, of June 30, 2020, regulates the carrying out of regulatory impact analysis (RIA) as a prerequisite for the issuance of normative acts. However, in its article 4º, the aforementioned decree establishes the hypotheses for exemption from carrying out RIA. This Normative Instruction falls under two of these hypotheses, namely: items II - normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives; and VI - normative act that aims to maintain convergence to international standards. Thus, based on items II and VI of art. 4º of Decree No. 10,411, of 2020, I understand that the issuance of this Normative Instruction is exempt from carrying out RIA.

Gilneu Francisco Astolfi Vivan

Head of the Financial System Monitoring Department (Desig)