Brazil: Financial Sector Assessment Program-Technical Note on Fund Management: Regulation, Supervision and Systemic Risk Monitoring
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Brazil has a large and diverse investments funds sector which is subject to a robust regulatory framework. The competent authority, the Comissão de Valores Mobiliários (CVM), requires high standards of the entities it oversees and makes good use of the extensive data it receives from market participants on an ongoing basis. Fiduciary administrators play an important role as the main gatekeeper for investment funds and, despite the highly concentrated nature of the industry, there is evidence that they make a significant contribution to the safety and soundness of the sector as a whole.
Series:
Country Report No. 2018/358
Subject:
Asset and liability management Asset management Financial institutions Liquidity Liquidity management Mutual funds
English
Publication Date:
December 11, 2018
ISBN/ISSN:
9781484389010/1934-7685
Stock No:
1BRAEA2018010
Pages:
26
Please address any questions about this title to publications@imf.org