06 April 2020 – Extended deposit insurance

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central do Brasil increased the maximum amount of Time Deposits with Special Guarantee (DPGE) for each person against the same financial institution associated with the FGC, or against all associated institutions of the same financial conglomerate, to R $ 40 million from R $ 20 million.
Full details here: https://www.bcb.gov.br/detalhenoticia/17035/nota