The Banco Central do Brasil is developing a review of the rules governing partnerships within the open finance system, which is expected to be completed by the end of 2026. According to economist Mardilson Queiroz, a representative of the monetary authority, institutions’ adaptation to the new rules has been progressing well.
Open Finance Background and Institutions’ Adaptation
Open finance allows multiple financial institutions to share data and offer integrated services, expanding the range of offerings and competition in the market. The Banco Central is closely monitoring how these entities are adjusting their processes to comply with current rules and intends to update the regulations to strengthen the security and efficiency of these partnerships.
Other Recent Economic and Financial Indicators
Meanwhile, international markets are showing signs of stability, influenced by easing tensions in the Middle East. The New York stock exchange has been trading higher, supported by the positive performance of tech stocks and falling yields on U.S. Treasury bonds (Treasuries).
Domestically, redemptions and maturities recently totaled R$ 4.3 billion, with R$ 4.0 billion corresponding to buybacks and R$ 334.5 million to maturities.
Relevant Bills and Decisions
The Annual Budget Bill (Ploa) for 2027 will be sent to the National Congress by next Monday, the 31st, continuing the country’s fiscal planning.
On the international stage, the U.S. political situation is also drawing attention. A movement within the Republican Party linked to former President Donald Trump is worrying the party on the eve of the midterm elections.
The global economy is also feeling the effects of the war in the Middle East. Brent and WTI crude prices for October delivery fell 3.89% and 3.12%, respectively. The United States is stepping up economic offensives at the same time as there are signs of renewed diplomatic efforts to end the conflict.
Sanctions and Changes in the Private Sector
Recently, the regulatory agency imposed a R$ 153.7 million fine on ByteDance, the company behind the short-video app, as part of enforcement actions in the technology sector.
On another front, General Mills announced an overhaul of its portfolio in Brazil, in line with a new strategy for the local market.
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