23 April 2020 – Extended deposit insurance

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

Overview: The Banco Central do Brasil decided to allow financial institutions to capture Time Deposits with Special Guarantee (DPGE) from institutions associated with the Credit Guarantee Fund (FGC). Funding will be guaranteed by the FGC up to a maximum amount of R $ 400 million of the total credits of each holding institution against the institution or conglomerate issuing DPGE.
Full details here: https://www.bcb.gov.br/detalhenoticia/17051/nota