23 April 2020 – Amended the prudential requirements for to financial institutions

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

Overview: The Banco Central do Brasil amended the prudential requirements applicable to financial institutions under the Emergency Employment Support Program in which the portion paid by the Union in credit operations contracted under the Emergency Employment Support Program (PESE) will not be counted as an exposure of the participating financial institution, for the purposes of calculating the capital requirement through a standardized approach (RWACPAD) and Leverage Ratio (RA).
Full details here: https://www.bcb.gov.br/detalhenoticia/17050/nota