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Brazil Central Bank launches Capital Market Initiative, including foreign currency issues on domestic market   

June 3, 2019 by

The Brazilian Central Bank on Monday launched a program it called the Capital Market Initiative, including immediate measures designed to make Brazilian capital markets more responsive to investment needs. New rules put into effect immediately include permission for financial and non-financial institutions to issue debt denominated in foreign currencies on the domestic market, regulations making it easier to use physical property as collateral in loans, measures expanding availability of credit data to institutions and consumers, and creation of new foreign exchange hedging mechanisms for financial market participants. In announcing the initiative, Central Bank President Roberto Campos Neto said, “The aim is to give free rein to the private secto r to finance development.” He announced the creation of 13 working groups to prepare more measures to stimulate capital market operations.

Link to Central Bank release.

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