Compliance is about adherence to agreements and standards, both internal and external Part of one of the most regulated sectors of the economy, the BNDES has the challenge of keeping in line with the obligations imposed by the various control and management bodies.

As a financial institution, the BNDES is subject to the rules of the National Monetary Council (CMN), the Central Bank of Brazil (Bacen) and the Brazilian Securities and Exchange Commission (CVM). As a state-owned bank, it is subject to the control of the Federal Accounting Court (TCU) and the Office of the Federal Controller General (CGU).

In addition, as a state-owned company, the BNDES must be aware of the legislation in general – issued by the National Congress, the Presidency of the Republic, the various Ministries, the Internal Revenue Service and the regulatory agencies, among others.

Our compliance routines, presented under the Compliance Program, include:

  • daily evaluation of National Congress proposals
  • monitoring of the issuance of external regulations and the public hearings instituted by the Bacen and the CVM
  • participation in various industry forums, commissions and committees of Ministries

In addition to these practices, there are risk management and internal audit activities, the latter directly linked to the Board of Directors, working independently to evaluate the efficiency and effectiveness of compliance activities.

Compliance Program

Last update: August 11, 2022