2018-07-31 | Resolução CMN 4677

Added 2026-09-28

Resolution CMN No. 4677 — Establishes Maximum Exposure Limits per Client and Maximum Concentrated Exposures

Resolution CMN No. 4677 establishes maximum exposure limits per client and maximum concentrated exposures for financial institutions in Brazil, categorized by Segment 1 through 5. It sets a general limit of 25% of Reference Equity Level I for Segment 1-4 institutions, a reduced limit of 15% for non-affiliated credit cooperatives, and a stricter 15% limit for exposures between globally systemically important institutions. The regulation defines distinct clients, mandates the consolidation of exposures within prudential conglomerates, and specifies exclusions and valuation methods for various financial instruments, including derivatives, covered bonds, and investment fund quotas.

Brazil

Banco Central do Brasil

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The Central Bank of Brazil, pursuant to Article 9 of Law No. 4.595 of December 31, 1964, makes public that the National Monetary Council, in a session held on July 31, 2018, based on Articles 4 (items VIII and X), 9, and 10 of Law No. 4.728 of July 14, 1965, Article 20, § 1, of Law No. 4.864 of November 29, 1965, Articles 7 and 23 (item "a") of Law No. 6.099 of September 12, 1974, Article 1, § 1, and 12 of Complementary Law No. 130 of April 17, 2009, and Article 1, § 2 of Provisional Measure No. 2.192-70 of August 24, 2001,

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Show all related documents (15)

Supersedes: Resolution No. 2.283 dated 1996-06-05not in RegAlertResolution No. 2.844 dated 2001-06-29not in RegAlert
Amended by: CMN Resolution No. 5,077 — Amends Resolutions Nos. 4,557, 4,606, and 4,6772023 CMN Resolution No. 5,049 — Amending Resolutions Nos. 4,282, 4,553, 4,606, 4,677, 4,955, and 4,9582022 CMN Resolution No. 4814 - Amends Resolution No. 4,677 of July 31, 2018, which establishes maximum exposure limits per client and maximum limits for concentrated exposures2020
Issued under: Complementary Law No. 130, of April 17, 2009 – National Cooperative Credit System2009 Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Law No. 4.728 dated 1965-07-14not in RegAlertLaw No. 4.864 dated 1965-11-29not in RegAlertLaw No. 6.099 dated 1974-09-12not in RegAlertRegulation No. 2.192-70 dated 2001-08-24not in RegAlert
+2 more
Resolution No. 4.434 dated 2015-08-05not in RegAlertResolution No. 4.557 dated 2017-02-23not in RegAlert
Basis for: Normative Instruction BCB No. 528 — Amends the Filling Instructions and Layout of Document Code 2061 - Operational Limits Statement (DLO)2024
Referred to by: BCB Resolution No. 69 — Amends and Consolidates Procedures for Reporting Information on Regulatory Limits and Standards2021

Timeline

Amended 3 times · last 2023-05-18

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