Gilneu Vivan, the director of Regulation and Organization of the Financial System and Resolution at the Central Bank of Brazil, announced that the Bank plans to revise aspects of the rules governing the Credit Guarantee Fund (FGC). This revision is set to be included in the agenda for this year or early 2027, suggesting a proactive approach towards enhancing financial regulations in Brazil. The FGC has been critical as it offers a safety net for depositors in case of bank failures, which is increasingly relevant amidst the current financial landscape.

During a recent event hosted by the Brazilian Banking Association (ABBC) in São Paulo, Vivan outlined additional items for consideration, including new regulations for the distribution of securities and new measures to combat fraud within financial institutions. This comes at a crucial time as the FGC has paid out over R$ 40 billion in guarantees to creditors of Banco Master and Will Bank, both of which are undergoing extrajudicial liquidation. The ongoing scrutiny of these banks portrays a challenging environment for Brazilian financial regulation.

Vivan also hinted at a potential review of fee structures related to these regulations, although details were sparse. The Central Bank's intention to revise FGC rules and associated regulations underlines a commitment to maintaining stability and consumer confidence within the Brazilian banking system, particularly in light of high-profile bank failures and ongoing economic challenges.