Financial Market: Main News from April 21 to 25
Main Movements in the Financial Market, Economic Updates, Regulatory Changes, and Investment Analyses
1. BCB Presents List of Regulatory Agenda Priorities for 2025 and 2026
On Thursday (April 24), the Central Bank of Brazil (BCB) released its regulatory priorities agenda for the 2025–2026 biennium. The priorities were divided among topics including innovation, foreign exchange and international capital, prudential regulation, sustainability, rural credit, cooperativism, organization and access to the National Financial System (SFN), conduct, financial assets or products, Pix, payment arrangements, financial market infrastructure, guarantee funds, and sanctioning actions. Among the main priorities, initiatives related to Open Finance stand out, with actions aimed at expanding credit portability and developing studies on salary and investment portability. Additionally, still this year, regulations on Banking as a Service (BaaS) will be published, with the objective of clarifying responsibilities among participants and ensuring greater transparency in transactions. Within the scope of service regulation, the BCB also intends to publish the regulation for Virtual Asset Service Providers (PSAV). The review of regulations concerning guarantee funds, such as the Credit Guarantee Fund (FGC) and the Credit Cooperativism Guarantee Fund (FGCoop), is also included among the Authority's priorities. Finally, the agenda includes updates regarding Pix, such as the standardization of the communication protocol for Contactless Pix, the launch of Special Return Mechanism 2.0, Pix as Collateral, and Pix Installments.
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Check out the Central Bank's list of regulatory priorities for 2025 and 2026
2. ANBIMA Launches Best Practices Guide for FIDCs
On Wednesday (April 23), ANBIMA published the Technical Guide on Best Practices for the Provision Methodology for Doubtful Accounts (PDD) in Credit Rights, aiming to strengthen governance practices, transparency, and consistency in the assessment of losses on these assets. The guide provides fiduciary administrators with guidance on the creation and application of methodologies to estimate losses, based on the concepts of Incurred Loss and Expected Loss, detailing minimum criteria such as the use of delinquency scales, historical default analysis, portfolio structure, and asset risk. Although it is not binding, the guide offers a robust technical benchmark, aligned with the regulatory requirements of the Brazilian Securities and Exchange Commission (CVM) and ANBIMA’s self-regulation.
3. BIS Releases Final Report on Project Promissa for the Tokenization of Promissory Notes
The Bank for International Settlements (BIS) released, last Wednesday (April 23), the final report of Project Promissa, conducted by the BIS Innovation Hub in collaboration with the central banks of Switzerland, the United Kingdom, and France. The project's objective is to explore the digitalization of promissory notes through tokenization, replacing the traditional physical instruments used in financial operations between central banks and international organizations. The initiative seeks to transform these instruments into tokenized digital assets using blockchain-based infrastructures, enabling the use of smart contracts to automate obligations and contractual events. According to the report, the tests conducted demonstrated that tokenization offers greater control over the asset's lifecycle, enables faster and safer collateral management, and fosters interoperability between different jurisdictions and technological infrastructures — a key factor in a globalized financial environment.
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4. B3 Adopts the Use of AI Agents in Its Operations Starting This Year
B3 announced, on Wednesday (April 23), that it will implement a significant transformation in its operations through the use of autonomous agents based on artificial intelligence (AI). This initiative is part of the "Next Level" program and represents one of the company's main strategic bets for 2025. These intelligent agents, trained to perform specific tasks with autonomy and human supervision, aim to increase efficiency, reduce operational risks, and improve the customer experience. The technology is already being applied to activities such as data reconciliation, portfolio management, and asset clearing. In addition, B3 is evaluating the use of generative AI to automate reports and communications, forecasting operational gains and scalability while maintaining the control and transparency required by financial market regulations.
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5. What is Pix by Approximation and How Does It Work?
Pix by Approximation is a new feature that will allow payments via Pix using NFC (Near Field Communication) technology by simply bringing a smartphone close to a card machine or another compatible device — similar to contactless card payments. To use the feature, users must link their checking or payment account to a digital wallet on their smartphone, such as those offered by Google Pay, Apple Pay, PicPay, or PayPal, for example. The solution, which will be integrated into the Pix ecosystem, aims to provide a faster and smoother experience, eliminating the need to scan QR codes or manually enter information. The Central Bank of Brazil (BCB), in collaboration with regulated institutions and payment technology companies, is working to enable the implementation of this functionality, which is expected to further boost digital inclusion and the adoption of instant payments in Brazil.
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