{
  "title": "Brazil: Financial Sector Assessment Program-Technical Note on Bank Resolution, Financial Sector Safety Nets, Crisis Prevention and Management",
  "publication": "IMF Staff Country Reports, November 30, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/11/30/brazil-financial-sector-assessment-program-technical-note-on-bank-resolution-financial-46413",
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  "summary": "Important improvements have been made to the bank resolution, safety net and crisis management framework since the last FSAP.",
  "sections": [
    {
      "heading": "Key findings and improvements",
      "content": "- Important improvements have been made to the bank resolution, safety net and crisis management framework since the last FSAP.\n- The resolution framework has been strengthened with the creation, within the Banco Central do Brasil (BCB), of a new Resolution Department.\n- Requirements for recovery and resolution planning have been established.\n- The early intervention powers of the BCB are described as robust and flexible."
    },
    {
      "heading": "Limitations and gaps identified",
      "content": "- The current framework has limitations that are broadly acknowledged by the authorities.\n- Resolution powers are incomplete.\n- No formal inter-agency arrangements for crisis management are in place."
    },
    {
      "heading": "Draft Law and FSAP role",
      "content": "- The BCB has taken the lead in preparing a comprehensive draft law (the “Draft Law”) that seeks to introduce a new resolution regime in line with international best practices.\n- This FSAP takes place at a critical juncture and provides recommendations on the design features of the new resolution regime.\n- The FSAP examines the existing framework as well as the areas not addressed in the Draft Law."
    },
    {
      "heading": "Subjects and policy themes covered",
      "content": "- Bank resolution\n- Bank resolution framework\n- BCB autonomy\n- Bridge bank\n- Central bank\n- Crisis prevention\n- Deposit insurance\n- Financial crises\n- Lender of last resort\n- Public funds\n- Resolution regime\n- Securities regulator\n- Superior court\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2018/11/30/brazil-financial-sector-assessment-program-technical-note-on-bank-resolution-financial-46413/index.md)",
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    "Published: November 30, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484387528.002",
    "Important improvements have been made to the bank resolution, safety net and crisis management framework since the last FSAP.",
    "The resolution framework has been strengthened with the creation, within the Banco Central do Brasil (BCB), of a new Resolution Department.",
    "Requirements for recovery and resolution planning have been established.",
    "The early intervention powers of the BCB are described as robust and flexible.",
    "The current framework has limitations that are broadly acknowledged by the authorities.",
    "Resolution powers are incomplete.",
    "No formal inter-agency arrangements for crisis management are in place.",
    "The BCB has taken the lead in preparing a comprehensive draft law (the “Draft Law”) that seeks to introduce a new resolution regime in line with international best practices.",
    "This FSAP takes place at a critical juncture and provides recommendations on the design features of the new resolution regime.",
    "The FSAP examines the existing framework as well as the areas not addressed in the Draft Law.",
    "BCB autonomy",
    "Central bank",
    "Public funds",
    "Resolution regime",
    "Securities regulator",
    "Superior court",
    "**Country Report**"
  ],
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