This 2024 FSB Peer Review of Brazil looks at the country’s regulation and supervision of investment funds, including by following up on the findings and recommendations from Brazil’s first FSB peer review in 2017. The latest review looks at authorities’ approach to monitoring and addressing vulnerabilities and at institutional arrangements for supervising investment funds in Brazil.
The review finds that Brazilian authorities have taken significant steps to strengthen the regulation and supervision of investment funds and have largely addressed the recommendations from the 2017 peer review.
Notwithstanding this progress, there is room for further work to improve authorities’ ability to monitor vulnerabilities associated to investment funds’ activities.