23 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: Yale Financial Tracker
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central do Brasil decided to allow financial institutions to capture Time Deposits with Special Guarantee (DPGE) from institutions associated with the Credit Guarantee Fund (FGC). Funding will be guaranteed by the FGC up to a maximum amount of R $ 400 million of the total credits of each holding institution against the institution or conglomerate issuing DPGE.
Full details here: https://www.bcb.gov.br/detalhenoticia/17051/nota