2007-06-26 | Resolução CMN 3464Added
Financial institutions and other entities authorized by the Central Bank of Brazil must establish a market risk management structure compatible with their operations, product complexity, and exposure size, and disclose it publicly at least annually. The structure must include documented policies, measurement and monitoring systems, annual testing, pre‑identification of risks for new activities, and stress‑test simulations, with a responsible director appointed and a detailed implementation schedule ending on 30 June 2008. The Central Bank may impose additional controls or stricter operational limits, and article 8 of Resolution 3380 is amended to align operational‑risk director provisions with this framework; the resolution takes effect upon publication.
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The CENTRAL BANK OF BRAZIL, pursuant to art. 9 of Law No. 4,595 of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on 26 June 2007, based on arts. 4, item VIII, of the said law, 2, item VI, 8 and 9 of Law No. 4,728 of 14 July 1965, and 20 of Law No. 4,864 of 29 November 1965, Law No. 6,099 of 12 September 1974, with the amendments introduced by Law No. 7,132 of 26 October 1983, Law No. 10,194 of 14 February 2001, with the amendments introduced by Law No. 11,110 of 25 April 2005, and art. 6 of Decree‑Law No. 759 of 12 August 1969,
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Amended 1 time · last 2017-02-23
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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