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Annual Report
ANBIMA
2011
Represent
ANBIMA’s representative bodies are responsible
for organizing discussions between the
representatives of associated institutions
that operate in the local market, suggesting
changes and improvements in regulation
and self-regulation, proposing innovations
that contribute to the development of the
capital markets and promoting dialogue with
the international community. On all of these
fronts, several advances have been recorded
throughout 2011.
One of the noteworthy achievements of the
market this year was the authorization granted
by CMN (The National Monetary Council) in
August so that non-banking institutions could
have access to intraday rediscount transactions.
With this measure, brokers, distributors, financial
institutions and credit unions have benefited
from temporary liquidity mechanisms, using their
government bonds portfolio, which brings greater
flexibility and transparency to the market.
ANBIMA’s associates’ official requests are
thoroughly discussed and addressed by various
relationship channels. The Association sent,
for example, various public institutions that
govern and standardize the financial and capital
markets, 31 Official Letters whose contents
were the result of analysis and debate by
members of the committees, subcommittees
and work groups linked to the topics that each
of the documents address.
