The National Monetary Council (CMN) increased from 25% to 30% the participation limit of pension funds in the Special Purpose Entities (SPE) aimed at infrastructure concessions. The idea is to facilitate the formation of consortia in the area of infrastructure, said Flávio Girão, general coordinator of insurance and supplementary pension of the Department of Economic Policy of the Ministry of Finance.
The measure makes room for the foundations in the concessions of railroads and highways, for example.
CMN also approved other changes to the pension funds. Now, the foundations may invest up to 10% of each portfolio on fund shares classified as foreign debt and that have at least 80% of the portfolio consisting of Brazilian sovereign securities. Until then, the foundations could buy greater risk foreign assets, but were not allowed to apply on this type of fund.
POD NOS TRILHOS
- Investimentos, projetos e desafios da CCR na mobilidade urbana
- O projeto de renovação de 560 km de vias da MRS
- Da expansão da Malha Norte às obras na Malha Paulista: os projetos da Rumo no setor ferroviário
- TIC Trens: o sonho começa a virar realidade
- SP nos Trilhos: os projetos ferroviários na carteira do estado
The resolution that makes operational the limit increase in the subsidy of the Treasury to the Investment Support Program (PSI) was also adopted. Operated by the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social – BNDES), the PSI offers subsidized rates for purchase of machinery and equipment. Law 12873, enacted on October 24, raised the amount of loans that can be supported within the PSI by $4.45 billion. Thus, the total value of the program increased to $143.58 billion. The goal is to maintain the incentive to the expansion of the domestic industry, said the Treasury’s economic adviser Bruno Leal.
Among the financial ratings, CMN amended the risk weighting factor (RPF) of loans to large companies – those with more than $44.59 million in outstanding debt in the financial system. The factor increased from 75% to 85%, i.e. the bank that finances this type of company will have to separate more capital to ensure the risk of the loan.
CMN also discussed the possibility of converting eligible instruments to compose the reference assets of a bank into shares. The Central Bank will consider three items simultaneously: if the bank can not raise capital within the period established, if the credibility and solvency are compromised and if the institution is systemically important. If the three items are confirmed, the BC can determine the conversion or extinction of the outstanding balance.
Seja o primeiro a comentar