Articles

Yesterday (6/29/23) we had an important novelty, with the edition, by Bacen, of Normative Instruction (IN) 397, which amends IN 103/21. This document discloses procedures, documents, deadlines and information necessary for processing authorization requests related to the operation of payment institutions (IP). Read More >>

By Luciano Fantin As well-documented history tells us, the American Apollo 13 mission, with astronauts Jim Lovell, John Swigert and Fred Haise, suffers a series of misfortunes from the moment an explosion in one of the liquid oxygen tanks aborts the moon … Read More >>

As we know, payment institutions (PIs) can take on the following distinct natures, depending on their business model: Electronic currency issuer; Postpaid payment instrument issuer; Acquirer; Payment Transaction Initiator. The Central Bank of Brazil (BCB) has been doing an excellent … Read More >>

By Manoel Jordão The Central Bank of Brazil (BC) summarizes as financial democratization society’s desire for long-lasting low interest rates, better financial services and the participation of everyone in the market. For that, it maintains the BC# Agenda, a work agenda centered … Read More >>

By Luciano Fantin In Brazil, FX has always been a complex subject. There are countless rules, restrictions, limits, definitions that we get lost. Anyone who works in a bank always hears that “the FX is a bank within a bank”. … Read More >>

By Luciano Fantin: This article deals with Enterprise Risk Management and its increased importance in times of crisis. To you who already know what ERM (Enterprise Risk Management) is about, I ask for patience. This text may be basic, but it … Read More >>

By Luciano Fantin – This article deals with the changes introduced by the CMN on 3/26/20 in order to strengthen the credit market of fintechs, due to the pandemic caused by the coronavirus.   The National Monetary Council (CMN) issued, … Read More >>

By Luciano Fantin – This article deals with the pressures suffered by executives when dealing with their challenges in companies.   In our consultancy, we have served a wide range of clients, with diverse needs, such as banks, fintechs, electronic payment … Read More >>

By The Sharp Fintech’s research team: This article talks about the challenges faced by a foreign investor when deciding to enter the Brazilian financial market, be it with a banking business or a similar one. The Brazilian financial market entails several peculiarities … Read More >>

By Luciano Fantin: This article talks about the publication of Resolution 4,401 as of February 2nd 2015 by the National Monetary Council, which regulates the local implementation of the LCR, a new short-term liquidity indicator introduced by Basel III. An … Read More >>

The above-mentioned Resolution raised various doubts and discussions in the market since it has been published on October 31 2013. Some of our clients showed concern especially with the definitions and methods to be applied for the “prudential adjustments”. (Note: … Read More >>

By Luciano Fantin: This article talks about discretionary measures, which may be demanded by the BCB to owners of payment schemes to guarantee robustness, efficiency and a sound functioning of payment schemes. Although the headline may seem too emphatic, it … Read More >>

By Luciano Fantin – This article relates to the one that I wrote about the payment card industry as of February 24 2014. As cited in my last article about this subject as of February 24 2014, the market vividly … Read More >>

By Luciano Fantin – This article complements the previous ones that I wrote about the payment card industry as of January 24 and February 24 2014. The Brazilian Central Bank (BCB) published two important Circular Letters that deepen and modify … Read More >>

By Luciano Fantin – This article complements the previous one that I wrote about the payment card industry as of January 24 2014. As cited in my last article about this subject as of January 24 2014, Federal Law 12,865 … Read More >>

By Luciano Fantin – This article deals with the new regulatory framework introduced in 2013 for the payment card industry as a whole. A new regulatory framework has been introduced in the Brazilian National Financial System thorough the Monetary Council … Read More >>

This article deals with the matrix management model, especially when it is applied in global banks, and the challenges it imposes to the governance principles. A very poor man once received at night the visit of a ghost, who told … Read More >>

This article touched upon the introduction of new products with some more details, in a complement to my previous article as of April 2013. In the last article that I wrote about this subject, I referred to the closing of … Read More >>

By Luciano Fantin – This article deals with the time bomb hidden in the organizations every time a new product is launched without proper attention to the governance surrounding this pivotal initiative. Read More >>