Brazil: Financial Sector Assessment Program-Technical Note on Fund Management: Regulation, Supervision and Systemic Risk Monitoring

December 11, 2018

Preview Citation

Format: Chicago

Brazil: Financial Sector Assessment Program-Technical Note on Fund Management: Regulation, Supervision and Systemic Risk Monitoring, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

Brazil has a large and diverse investments funds sector which is subject to a robust regulatory framework. The competent authority, the Comissão de Valores Mobiliários (CVM), requires high standards of the entities it oversees and makes good use of the extensive data it receives from market participants on an ongoing basis. Fiduciary administrators play an important role as the main gatekeeper for investment funds and, despite the highly concentrated nature of the industry, there is evidence that they make a significant contribution to the safety and soundness of the sector as a whole.

Subject: Asset and liability management, Asset management, Financial institutions, Liquidity, Liquidity management, Mutual funds

Keywords: Asset management, CR, CVM guidance, CVM instruction, CVM staff, CVM's independence, Founding document, ISCR, Liquidity, Liquidity management, Management sector, Mutual funds, Private equity, South America, Supervision plan, Supervisory approach

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/358
Stock No:

1BRAEA2018010
ISBN:

9781484389010
ISSN:

1934-7685

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