Region: Brazil

Brazil’s newly autonomous central bank has moved to make it mandatory for banks to incorporate climate change-related scenarios into their stress testing from next year.

20 September 2021

South Korea is set to form a cryptocurrency supervising body, as Brazil’s central bank announces plans for a national cryptocurrency framework.

31 August 2021

Brazilian firms Pinheiro Neto Advogados and Spinelli Advogados have helped JP Morgan Chase invest in local digital banking group C6, marking its entry into the country’s retail banking sector.

05 July 2021

Brazil’s central bank has released guidelines for a digital real, promising further change to the country’s payments landscape after its approval of WhatsApp Pay and the introduction of a local digitised payments system.

26 May 2021

WhatsApp’s payments platform in Brazil has won regulatory approval to operate, nearly a year after the central bank shut down its operations within days of launch.

05 May 2021

Brazil’s banking regulator has proposed that financial institutions include more detailed climate-related losses in their risk management policies, but a “stark lack of diversity” at board level could hamper banks’ progress.

13 April 2021

UBS’s Brazilian joint venture will provide investment banking services in Argentina under a new agreement with a local bank, its first such deal since it was set up in October.

25 February 2021

Brazil’s central bank is one step closer to the launch of an integrated open banking system, as the country's banks begin migrating information in the first stage of the project's implementation.

27 January 2021

Demarest partner Fabio de Almeida Braga outlines what practitioners need to know about Brazil’s new risk-based approach to money laundering and terrorism financing.

10 November 2020

Pinheiro Neto and Lefosse are advising UBS and Banco do Brasil as they launch a Brazilian joint venture – an expansion that has drawn criticism from Brazilian banking union heads.

08 October 2020