The Central Bank of Brazil (BCB) launched the Information System on Receivable Values (SVR), a tool for companies and individuals designed to improve transparency in the National Financial System. Information submission requirements come into force on October 1st.
The Central Bank of Brazil (BCB), through Resolution n. 98/2021, launched the Information System on Receivable Values (SVR), designed as a tool for companies and individuals to check pending receivable credit values from financial institutions operating in Brazil. The system seeks to improve transparency and facilitate the return process of those values (objectives are listed in article 2 of the resolution).
The third article from the new resolution provided the type of information to be submitted by financial institutions to BCB, while its fourth article established a standard submission schedule. The resolution comes into force on October 1st. The new system comprises BCB 2021 Regulatory Agenda’s Digital Citizenship project (see more here).
