Judicial Recovery or Bankruptcy of Banking Institutions?
By Vitor Antony Ferrari and Ivan Kubala* With the recent bank failures of Silicon Valley Bank (SVB), in California, and Signature Bank, in New York, both in March of this year, there was much speculation about a possible new global banking crisis, similar to that of 2008. These rumors reached Brazil, which, together with the rise in […]
Bacen systematizes rules for authorization of Operation of Financial Institutions
By: André Jerusalmy As of July 1, 2022, CMN Resolution No. 4,970 (“Resolution 4970˜) will come into effect, making the system for granting the necessary authorizations for the operation of financial institutions more dynamic. In short, the aforementioned resolution seeks to simplify or make the authorization process more rigorous, depending on […]
