Press releases

Through private fundraising (popular savings) to finance its activities, the Brazilian financial market is a palatable alternative to the financing of private enterprises. It is an important financing mechanism for domestic and foreign companies and, in consequence, a driver of the national economy.

The regulatory agencies that compose the Brazilian Financial Market are the National Monetary Council (CMN), the Brazilian Central Bank, the Securities Commission and the stock exchanges and the organized over-the-counter market entities. These agencies form the principal structure of the Brazilian Financial Market Regulation.

The National Monetary Council (CMN) is responsible for establishing guidelines of the monetary, credit and foreign exchange of the country. Among the objectives of CMN it is appropriate highlight the regulation of the internal value of the currency and zeal for the liquidity and solvency of financial institutions.

Brazilian Central Bank is responsible for implementing the decisions and rules issued by the CMN. Its main objective is to guarantee the purchasing power of the national currency.

The Securities Commission was inspired by the American model called Securities and Exchange Commission (SEC). It aims at regulating the Securities Market.

The stock exchanges and the organized over-the-counter market entities are responsible for assisting the Securities and Exchange Commission, monitor their members and the securities transactions carried out on them.

Thus, the Brazilian framework for financial regulation is guided in the regulation of conducts. Through specialized regulatory agencies mentioned, special rules and procedures are adopted to ensure the symmetry of information and rationality of market participants.