The Federal Government enabled financial institutions to maintain voluntary deposits in the Central Bank of Brazil (BCB), providing an additional instrument for managing the financial system. It comprises BCB’s Regulatory Agenda.

The Federal Government sanctioned Law n. 14.185/2021, enabling financial institutions to maintain voluntary reserves in the Central Bank of Brazil (BCB). As stated in the first and third articles, the Central Bank will establish the interest rates applicable to those deposits, as well as regulate limits, and other deposit terms and conditions.

The regulatory provision of voluntary deposits from financial institutions also comprises BCB’s Regulatory Agenda’s competitiveness dimension – initiatives on market efficiency. According to BCB, voluntary deposits represent flexible and low-cost instruments for managing the financial system.