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2 clusters · 5 sources · 7 days · First seen · Last updated

Brazilian consortium market growth and regulation

Overview

The Brazilian consortium market operates under strict Central Bank regulations, such as Law 11.795/2008 and Resolution BCB nº 285/2023. These rules require administrators to keep group funds separate from corporate assets and invest them in authorized assets to ensure financial security for the over 11 million active quotas in the system.

Recent data from the Brazilian Association of Consortium Administrators (ABAC) indicates significant sector growth. As of September, the system reached 13.93 million active members, a 14.2% increase from the previous year. Business transactions for the first nine months of the year totaled R$ 454.13 billion, up 23.7% year-over-year, with credit releases reaching R$ 97.83 billion.

Entities

Brazil · Paulo Roberto Rossi · Central Bank of Brazil · Associação Brasileira de Administradoras de Consórcios

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [BUSINESS] 3 sources
    Brazilian consortium system nears 14 million active members

    Brazil's consortium system reached 13.93 million active members in September, a 14.2% annual increase, with total business transactions hitting R$ 454.13 billion through September.

  2. [BUSINESS] 2 sources
    Brazil's consortium market: Regulations and financial mechanics

    Regulated by the Central Bank, Brazil's consortium market uses collective funds for interest-free acquisitions, with strict rules ensuring group assets remain separate from administrator funds.

Sources

brasilemfolhas.com.br · leianoticias.com.br · mobile.valor.com.br · portal.comunique-se.com.br · viagemegastronomia.com.br