International Monetary FundWorld Bank2013-10-012013-10-012012-04https://hdl.handle.net/10986/15975Brazil has a well-defined banking supervision process supported by a legal framework that grants the Banco Central do Brasil (BCB) broad enforcement powers for corrective action and weak bank resolution. This assessment of the Basel Core Principles (BCP) for effective supervision was conducted from February 27 through March 20, 2012. As agreed with the authorities, the supervisory framework was assessed against the BCP methodology issued by the Basel Committee on Banking Supervision (BCBS) in October 2006. In self-assessment the authorities addressed both essential and additional criteria and the assessors based their conclusions on compliance with both criteria. The last BCP assessment was conducted in 2002, however, the grading is not comparable to this assessment as the principles and methodology were revised in 2006. Although the BCB operates on an independent mode, there are amendments to Law 4595-1964 (banking law) that will aid in protecting the continuation of the operational independence.en-USCC BY 3.0 IGOACCESS TO BANKACCESS TO BANKSACCOUNTABILITYACCOUNTINGACCOUNTING PRINCIPLESAFFILIATESASSET MANAGEMENTASSET QUALITYAUDIT COMMITTEESAUDIT STANDARDSAUDITINGAUDITORSAUTONOMYBALANCE SHEETBALANCE SHEETSBANK FOR INTERNATIONAL SETTLEMENTSBANKING ASSETSBANKING INDUSTRYBANKING INSTITUTIONSBANKING LAWBANKING LAWSBANKING SECTORBANKING SECTORSBANKING SUPERVISIONBANKING SYSTEMBANKRUPTCYBANKSBONDSBOOK VALUEBROKERBROKERAGEBROKERAGE FIRMSBROKERSCAPITAL ADEQUACYCAPITAL ADEQUACY RATIOSCAPITAL BASECAPITAL MARKETSCAPITAL REQUIREMENTSCAPITALIZATIONCASH FLOWCENTRAL BANKCENTRAL BANKINGCHECK CLEARINGCHECKSCIVIL SERVICECLEARING HOUSESCLEARINGHOUSESCOLLECTION PROCESSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL LOANSCONFLICTS OF INTERESTCONSOLIDATED SUPERVISIONCONSOLIDATIONCORPORATE GOVERNANCECORPORATE LAWCORPORATE SECURITIESCOUNTRY RISKCREDIT COOPERATIVESCREDIT GUARANTEECREDIT INSTITUTIONSCREDIT MARKETCREDIT RECORDSCREDIT RISKCREDIT UNIONSCREDITORSCURRENCYCUSTODYDEBTDEBT COLLECTIONDEMAND DEPOSITSDEPOSITDEPOSIT INSURANCEDEPOSIT TAKING INSTITUTIONSDEPOSITORSDEPOSITSDERIVATIVESDEVELOPMENT BANKSDOMESTIC BANKSEMPLOYMENTENFORCEMENT POWERSEQUIPMENTEQUITY CAPITALEXCHANGE COMMISSIONFINANCESFINANCIAL CONGLOMERATESFINANCIAL DISTRESSFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTFINANCIAL PORTFOLIOFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STATEMENTSFINANCIAL STRENGTHFINANCIAL SUPPORTFINANCIAL SYSTEMFISCAL DISCIPLINEFLEXIBLE EXCHANGE RATEFOREIGN BANKFOREIGN BANKSFOREIGN CAPITALFOREIGN CURRENCYFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FINANCIAL INSTITUTIONSFUTURESFUTURES EXCHANGEGOVERNMENT BUDGETGUARANTEE FUNDHOLDINGHOLDING COMPANIESHOLDINGSHOME LOANSINFLATIONINFORMATION SYSTEMSINFORMATION TECHNOLOGYINSURANCEINSURED DEPOSITSINTEREST RATEINTEREST RATE RISKINTEREST-RATE RISKINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL BANKINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL RESERVESINTERNATIONAL STANDARDSINVESTINGINVESTMENT BANKINGINVESTMENT BANKSINVESTMENT FUNDSINVESTMENT INSTITUTIONSINVESTMENT PORTFOLIOSISSUANCELAWSLEGAL FRAMEWORKLEGAL PROTECTIONLEGISLATIONLIABILITYLIQUIDATIONLIQUIDITYLIQUIDITY POSITIONSLIQUIDITY RATIOLIQUIDITY RISKLIQUIDITY RISKSLOANMACROECONOMIC POLICIESMACROECONOMIC POLICYMARKET RISKMARKET RISKSMARKET SHAREMARKET STRUCTUREMATURITIESMATURITYMICRO CREDITMINIMUM CAPITAL ADEQUACY RATIOMINIMUM CAPITAL REQUIREMENTSMONETARY FUNDMORTGAGENEW ENTRANTSOPERATIONAL INDEPENDENCEOPERATIONAL RISKOPERATIONAL RISKSOWNERSHIP STRUCTUREOWNERSHIP STRUCTURESPENALTIESPENSIONPENSION FUNDPENSION FUNDSPENSIONSPOLICY CREDIBILITYPRIVATE BANKSPRIVATE CREDITPROFITABILITYPRUDENTIAL REGULATIONPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSPRUDENTIAL STANDARDSPUBLIC DEBTREGULATORY FRAMEWORKREGULATORY PRACTICESREGULATORY STRUCTURERESERVERESERVE ACCOUNTSRETAINED EARNINGSRETURNRETURN ON EQUITYRISK CAPITALRISK EXPOSURERISK EXPOSURESRISK MANAGEMENTRISK MANAGEMENT SYSTEMSRISK PROFILERISK PROFILESSAVINGSSAVINGS BANKSAVINGS BANKSSECURITIESSHAREHOLDERSHAREHOLDERSSOLVENCYSTATE BANKINGSTOCK EXCHANGESTOCK ISSUANCESSUBSIDIARIESSUBSIDIARYSUPERVISION OF BANKSSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY FRAMEWORKSUPERVISORY POWERSSWAPSTAXTAX CREDITSTERRORISMTIER 1 CAPITALTRADINGTRANSACTIONTRANSFER RISKSTRANSPARENCYTREASURYTURNOVERUNIVERSAL BANKUNIVERSAL BANKSWorld Bank10.1596/15975