Brazil prepares for Basel III

centralbank-brazil

The Central Bank of Brazil announced on Monday in its Financial Stability Report for the second half of 2010 that "major changes" will be incorporated into the framework in Brazil, in accordance with recommendations made under the Basel III framework.

The report said the changes would: raise capital requirements for certain forms of credit operations; begin the gradual reduction of the threshold for attracting deposits with special guarantees; and amend procedures for the classification and acco

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