Listen to Sala de Negócios Podcast - Financial Market

A weekly production that covers topics impacting the day-to-day operations of the financial market in Brazil and worldwide

Every week, check out on your preferred platform the Sala de Negócios Podcast, Financial Market edition. Here, you'll find the main topics of the market in Brazil and worldwide, with the top experts and players in the sector.

Check out the latest available episodes below (in Portuguese)

 

#176: Challenges and benefits of implementing Resolution 4.966

Resolution 4966, formally known as CMN Resolution No. 4.966, partially came into effect on January 1st, 2022, and will be fully applicable starting January 1st, 2025. In this episode, Susan and Douglas discuss the main challenges, benefits, and what changes in terms of systems, people, and technology, in addition to accounting changes, with the implementation of 4.966 and clarify to which Financial Institutions the Law is comprehensive.

Guests: Douglas Oliveira, Partner of Financial Advisory at Forvis Mazars Brazil; and Susan Becker, Manager of Financial Services at Forvis Mazars Brazil.

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#174: Risk Consulting: governance, transparency, and risk management in financial institutions

In another special episode about the Financial Market, we explore the importance of governance, transparency, and risk management in financial institutions. We discuss the crucial role of Risk Consulting, the segmentation between regulatory bodies such as the Central Bank and the CVM, and the need for robust internal controls. The episode also addresses the relevance of internal audits and the impact of information technology on the security and operational efficiency of financial companies.

Guests: Susan Becker, Manager of Financial Services at Forvis Mazars Brazil; and Yuri Cabezas de Macedo, Manager of Financial Services at Forvis Mazars Brazil

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#172: Impacts and adjustments for Resolution 4.966: what changes for banks?

In this episode, we discuss Central Bank Resolution 4.966, published in 2021 and with practical effects starting in 2025. The regulation significantly alters the accounting of banking operations, impacting the financial statements of financial institutions. We explore the necessary measures for compliance, operational and financial impacts, the benefits of international accounting harmonization, and how Mazars has been supporting its clients in this process.

Guests: Marcelo Braga, Partner of Financial Services at Forvis Mazars Brazil; and Janny Castro, Director of Financial Services at Forvis Mazars Brazil

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#170: Understand the types and importance of FIDCs

In this episode, we dive into the world of Credit Rights Investment Funds (FIDC), a modality that raises funds from investors to finance debt securities. FIDCs play a crucial role in the Brazilian credit market, showing significant growth over the past 15 years. With new regulations, such as Resolution 175, this market promises to expand even further, offering more transparency and security for those involved.

Guests: Marcelo Braga, Partner of Financial Services, Forvis Mazars Brasil; Susan Becker, Financial Services Manager, Forvis Mazars Brasil

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#166: Introduction to DREX and the Brazilian's Central Bank New Digital Era

Do you know how DREX differs from popular cryptocurrencies like Bitcoin and Ethereum? Do you know what benefits DREX can bring to the financial system and to users like you? In this episode, we discuss these issues and talk about the ambitious goals of the Central Bank with this initiative, which promises to increase security, transparency, and democratize financial access. We also explore how citizens will be able to access DREX and debate the project's phases and the institutions involved. Don't miss the answers to these questions and more about the new Brazilian digital currency.

Guests:  Janny Castro, Risk Consulting director, Mazars Brasil; Susan Becker, manager of Financial Services, Mazars Brasil

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#164: Key Focus Areas for Regulatory Compliance of Fintechs

Fintechs are everywhere. Brazil, in particular, has already established itself as the largest market of its kind on the continent. However, this also raises concerns among many institutions and regulatory bodies. After all, who regulates the activities of fintechs?

Guests:  Janny Castro, Risk Consulting director, Mazars Brasil; Susan Becker, manager of Financial Services, Mazars Brasil

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#162: Norms and Regulations in ESG: Is the Financial Market Getting Greener?

In this episode, we discuss the financial sustainability of the market, its influence on financial practices, and the growing awareness of the topic. We also explore the latest in accounting standards, such as IFRS S1 and S2, and how companies should prepare for new regulations. Finally, we highlight the benefits of implementing and complying with the standards for regulated entities, including enhanced transparency and financial management.

Guests:  Janny Castro, Risk Consulting director, Mazars Brasil; Susan Becker, manager of Financial Services, Mazars Brasil

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#160: Understand what structured funds are: FIP, FIDC, and FII

Structured Funds are funds with a specific purpose to invest in a class of assets and are intended for a specific audience. Learn in detail what these funds are, their types, their particularities, the importance of this important sub-segment in our Brazilian fund industry, and how CVM resolution 175 impacts this modality.

Guests: Marcelo Braga, partner of Financial Services, Mazars Brasil; Susan Becker, manager of Financial Services, Mazars Brasil

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#158: The Importance of Corporate Governance in Companies

The evolution of corporate governance, especially in banks and insurance companies, reflects a more robust and comprehensive approach, moving beyond mere regulatory concerns to include customer relationship management, product launches, and cyber resilience. The current landscape demands that financial institutions, regardless of size, not only comply with norms but also uphold governance as a pillar for operation and compliance. Experience in internal auditing reveals the importance of active participation in different company committees, highlighting the crucial role of governance in driving improvements and responding to challenges. This dynamism between auditing and governance stands out as an effective strategy for corporate strengthening and decision-making aligned with risk and opportunity.

Guest: Luiz Antonio Fossa, Founder, LAF Governance & Consulting

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#156: What do companies need to know about preventing money laundering?

Concerns regarding money laundering are on the rise, affecting entities across various jurisdictions and requiring compliance with stringent regulations. The importance of this issue lies in the need to prevent financial crimes by adhering to established international and national standards for effective combat. Global initiatives and specific laws aim at prevention, imposing upon companies the obligation to monitor transactions and report suspicious activities. Failure to adhere to these measures can lead to severe penalties and reputational damage.

Guests: Janny Castro, Risk Consulting director, Mazars Brasil; and Marcelo Braga, Financial Services partner, Mazars Brasil

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#154: The evolution of the credit supply market in Brazil

The credit market in Brazil is undergoing a revolution, driven by technological innovation and regulatory changes led by the Central Bank. The introduction of fintechs and the development of new financial products are democratizing access to credit, reducing costs, and increasing competition. With the implementation of measures such as Open Finance and the regulation of Direct Credit Companies (SCD) and Peer-to-Peer Lending Companies (SEP), we are moving towards a more inclusive and efficient financial ecosystem. These transformations promise not only to improve credit supply but also to contribute significantly to Brazil's socioeconomic development. Mazars plays a crucial role, providing regulatory and advisory support for companies to navigate through this new financial landscape.

Guests: Marcelo Braga, partner of Financial Services, Mazars Brazil; Susan Becker, Financial Services Consultant Expert, Mazars Brazil

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#152: How CVM Resolution 175 and the New Rules for Public Offerings Shook the Market

CVM Resolution 175 revolutionized the Brazilian capital market in 2023, introducing more flexible and transparent rules for public offerings of securities and investment funds. This change enabled greater access to investors, streamlined information in prospectuses, and encouraged competition and innovation. Companies like Oliveira Trust quickly adapted, standing out for implementing advanced technologies and efficiently responding to the new demands of the market.

Guests: José Alexandre Freitas, CEO, Oliveira Trust; and Maycon França, Financial Services Consultant Expert at Mazars Brazil

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#146: How socio-environmental and climate responsibility standards are impacting the market

The Central Bank of Brazil highlighted, in its 2023 Social, Environmental, and Climate Risks and Opportunities Report, the importance of ESG management in the financial system. This document signals a significant advancement in market regulation and supervision, requiring financial institutions to demonstrate greater transparency and socio-environmental responsibility. Actions such as changes in Cosif and the introduction of risk assessment systems reflect a commitment to sustainability. Simultaneously, initiatives from CVM and Susep reinforce this trend, promoting ESG practices and encouraging the adoption of sustainable investment strategies. The collaboration of entities like Mazars, with its deep knowledge of ESG regulations, is crucial for navigating this new regulatory landscape.

Guests: Janny Castro, Risk Consulting director, Mazars Brasil; and Marcelo Braga, Financial Services partner, Mazars Brasil

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#139: Understand the regulation on cryptocurrencies and other virtual assets in Brazil

The need to regulate virtual assets, including the approximately 10,000 cryptocurrencies in existence today, is pressing. In Brazil, the regulation of these assets, such as cryptocurrencies, tokenized assets, crypto ETFs, and stablecoins, is still evolving. Although Law 14,478/2022 represents a significant advancement, establishing clear guidelines and emphasizing money laundering prevention, the Central Bank is conducting a public consultation, which runs until January 31st, 2024, to establish rules aligned with market practices. These measures reflect the complexity and growing importance of regulation in the dynamic virtual asset market.

Guests: Marcelo Braga, partner of Financial Services, Mazars Brazil; and Janny Castro, Risk Consulting director, Mazars Brazil.

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#136: The CVM resolution no. 175 in the context of the evolution of the Brazilian financial market

The Brazilian financial market, dynamic and innovative, is driven by advanced regulations and cutting-edge technology. Institutions such as Bacen and CVM lead with initiatives like PIX and CVM Resolution 175, promoting transparency and security. These changes, integrating governance and technology, expand opportunities for investors and consumers, strengthening the country's financial ecosystem.

Guest: Marcelo Braga, partner of Financial Services, Mazars Brazil.

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