BRAZIL
Colombia
Ecuador
Brazil
Peru
Brasilia
Bolivia
Law and Practice Contributed by: Thomas Gibello Gatti Magalhães, André Dágola Brostoline and Luisa Grespan Danhoni Neves Magalhães & Zettel Contents 1. Legal Framework p.36 1.1 Key Laws and Regulations p.36 2. Authorisation p.36 2.1 Licences and Application Process p.36 3. Changes in Control p.38 3.1 Requirements for Acquiring or Increasing Control Over a Bank p.38 4. Governance p.39 4.1 Corporate Governance Requirements p.39 4.2 Registration and Oversight of Senior Management p.40 4.3 Remuneration Requirements p.40 5. AML/KYC p.41 5.1 AML and CFT Requirements p.41 6. Depositor Protection p.43 6.1 Deposit Guarantee Scheme (DGS) p.43 7. Prudential Regime p.43 7.1 Capital, Liquidity and Related Risk Control Requirements p.43 8. Insolvency, Recovery and Resolution p.45 8.1 Legal and Regulatory Framework p.45 9. ESG p.47 9.1 ESG Requirements p.47 10. DORA p.49
Rio de Janeiro São Paulo
Paraguay
Chile
Argentina
10.1 DORA Requirements p.49 11. Horizon Scanning p.50 11.1 Regulatory Developments p.50
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