FSB praises Brazil’s efforts to supervise investment funds

Review points to progress in limiting leverage but says regulatory body needs more staff

National Congress of Brazil
National Congress of Brazil
Photo: Eurico Zimbres/Wikimedia Commons

Brazil’s financial authorities have taken “significant steps” to strengthen the regulation and supervision of investment funds, the Financial Stability Board (FSB) has said.

In its peer review of the country published today (November 28), the FSB notes that Brazil’s investment funds sector has grown significantly since 2017 and reached 8.8 trillion reais ($1.5 trillion) in assets under management in March of this year. The figure represents 80% of GDP, a proportion it says is comparable to those

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