National Monetary Council (CMN)

Regulator · BR · 2 documents

Key number

1,000,000 R$

Minimum paid-up corporate capital and net worth for an SCD or SEP. Revista da Procuradoria-Geral do Banco Central p.7

Key number

0.028

Resolution 4,327/2014 effect on capital adequacy ratio of low-ESG banks. Brazilian Review of Finance p.13

CMN Resolution No. 4,656: Direct Credit Companies and Peer-to-Peer Loan Companies

Research paperRevista da Procuradoria-Geral do Banco CentralNovember 202614 pages

CMN Resolution No. 4,656 of April 26, 2018 provides for the direct credit company (SCD) and the peer-to-peer loan company (SEP) and regulates peer-to-peer loan and financing operations.

Green rules, safer banks? ESG and bank risk in Brazil

Research paperBrazilian Review of FinanceOctober 202629 pages

The study examines the National Monetary Council's Resolutions 4,327/2014 and 4,945/2021 using a difference-in-differences design.