Banking and Finance 2025

BRAZIL Trends and Developments Contributed by: Roberto Panucci Filho, Tiago Severo Pereira Gomes, Diogo Octavio Nebias and Guilherme Teles, Panucci, Severo e Nebias Advogados

ledger technology, thereby pushing tokenisation from theory to practice. At the same time, reforms to the FGC and collateral and insolvency laws show regula- tors are equally focused on discipline, ensuring that growth does not come at the expense of stability. In parallel, private credit markets are thriving, FIDCs, commercial notes and securitisation structures are channelling capital to companies outside the tradition- al banking system. For companies, this means more funding options; for investors, exposure to high-yield structured assets in a clearer regulatory environment.

The strategic message for clients is simple: Brazil is no longer just a large market, it is a structured oppor- tunity. Those who treat compliance as fundamental, partner with licensed entities, and leverage private credit and embedded finance will find a jurisdiction that is not only dynamic but increasingly predictable. In 2025 and beyond, Brazil is digital, dynamic and disciplined – a market where regulation and innovation reinforce each other to create long-term value.

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