Recently, the Central Bank of Brazil (BC) released its diary of regulatory priorities for the period of 2025 and 2026. The presentation, held on April 24, was conducted by directors Gilneu Vivan (Regulation) and Renato Gomes (Organization of the Financial System and Resolution), who detailed the main topics that should be the subject of studies, public consultations and possible regulations over the next two years.

Among the highlights of the diary is the modernization of payment ways and means, with focus in the improvement of Pix. Actions such as the standardization of Pix by approximation and Pix in installments, the development of features such as Pix in escrow and the evolution of the Special Return Mechanism (MED 2.0), with the aiming of increasing effectiveness in the fight against fraud, are planned.

In the field of financial market infrastructure, the Central Bank intends to conclude public consultations on postpaid payment arrangements, interoperability fees between registrars and the regulation of token applicants. It is also planned to continue evaluating the tariff structure of open arrangements.

The regulation of guarantee funds will be revised to shore up the stability of the National Financial System (SFN) and the National Cooperative Credit System (SNCC), acknowledged and agreed with international standards.

 Open Finance will continue to expand, with measures aimed at improving the operating performance of the ecosystem, including the improvement of operational limits, data monitoring and expansion of the offer of credit services.

The diary also includes the facilitation of the portability of salaries and investments, in alignment jointly with the Brazilian Securities and Exchange Commission (CVM). Currently, the system has 52 million customers and more than 3 billion weekly queries. One of the focuses will be the expansion of the participation of legal entities, by improving the journey of these users.

Another relevant topic is the tokenization of assets, including stablecoins, whose regulation will be studied based on legal and technological advances. The Central Bank also intends to assess the risks and impacts of the use of artificial intelligence (AI) by financial institutions.

In the field of innovation, the regulation of virtual asset service providers (PSAV) and the Banking as a Service (BaaS) model is expected to be completed.

In relation to the exchange market, the private clearing, compensation of credits between residents and non-residents will be discussed – a practice already provided for by law – and the simplification of interbank exchange operations, with the aiming to facilitate international transactions and to improve, to streamline the submission of information never plural to the Central Bank. Public consultations on virtual assets will also be finalized and the regulation of the electronic exchange (eFX) service will be reviewed.

In the prudential plant, the Central Bank intends to complete the implementation of the market risk phase (FRTB) of Basel III, replacing the current capital requirement with a model aligned with the international standard, pattern. The review of risk requirements and the definition of minimum capital for the incorporation of financial institutions are also planned.

Regarding bank fees, there will be a review of the collection rules, in addition to studies to regulate fraud prevention policies and the possibility of suspending the opening of accounts at the customer's request.

In the housing credit segment, the focus will be on improving concession processes and diversification of financing sources, including reviewing the characteristics of contracts in new funding environments. In rural credit, the Central Bank will seek to integrate new sources of information into the Rural Credit Bureau, to increase rectitude and functionality for the agricultural business.

Based on the new legal framework for guarantees, the Central Bank intends to create the necessary conditions so that assets such as pension fund can be used as collateral in financial operations, which will contribute to the decrease, reduction of the cost of credit.

Finally, sustainability is also part of the regulatory diary. A new public consultation is planned to improve, to streamline the reporting of environmental, social and climate information, as well as the definition of accounting criteria for certification, measurement and disclosure of assets and liabilities related to sustainability.

The measures proposed by the Central Bank show the continuity of the task of modernization and act or fact of bringing up to date standards and processes in favor of the BC# Agenda. The emphasis in the modernization and expansion of technologies reflects the Central Bank's commitment jointly with rectitude, inclusion and competitiveness for the agents of the National Financial System.

The complete text of the press conference is available on the Central Bank's official YouTube channel and can be accessed hereby this link.