The Brazilian Government is taking important steps to improve the efficiency of the country’s financial system, with regulations that will simplify and de-bureaucratize access to capital markets, stimulate savings, and diversify financial intermediation. The Central Bank is coordinating many of these efforts, recently announcing the “Initiative of Capital Markets” whose purpose is to increase the depth and breadth of the capital markets, thereby reducing the cost of capital. Another initiative is the development of Open Banking, a framework by which new financial technologies will be governed.
We hosted a discussion of these and other initiatives with João Manoel Pinho de Mello, Deputy Governor for Licensing and Resolution of the Central Bank. Director Pinho de Mello is the Director responsible for leading these reforms within the Central Bank. He shared his thoughts on what may be expected regarding the evolution of Brazil’s financial system.
Paulo Vieira da Cunha, Partner, VERBANK Consulting, LLC
João Manoel Pinho de Mello, Deputy Governor for Licensing and Resolution, Central Bank of Brazil
October 9, 2019
October 8, 2019
October 2, 2019
September 26, 2019