RegAlert2022-03-30 | Resolução BCB 219Added
Resolution BCB No. 219 – Concepts and Accounting Criteria for Financial Instruments and Hedge Accounting for Consortium Administrators and Authorized Payment Institutions
The resolution defines the accounting concepts, classification, measurement, recognition, derecognition and disclosure rules that consortium administrators and authorized payment institutions must apply to financial assets, liabilities, credit commitments and financial guarantees. It establishes criteria for classifying instruments into amortised cost, fair value through profit or loss, or fair value through other comprehensive income, sets provisions for expected credit losses, outlines hedge accounting requirements, and prohibits the reclassification of financial liabilities. The document also provides detailed definitions of terms such as financial asset, derivative, hybrid contract and credit‑recovery‑problem asset.
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RESOLUTION BCB
No. 219, OF 30 MARCH 2022
Revoked normative document, effective 1/1/2024, by Resolution BCB No. 352, of 23/11/2023.
Provides the concepts and accounting criteria applicable to financial instruments, as well as the designation and recognition of protection relationships (hedge accounting) by consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil.
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Lineage: Superseded
Timeline
Amended 1 time · last 2023-11-23
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
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BCB published 15 documents in the last 30 days. We email you each new one the day it's published.