Banking

Argentina: Doing Business In Argentina

The Legal System The Argentine Republic consists of 23 provinces and a federal capital, the Autonomous City of Buenos Aires. The Argentine Constitution divides the federal government into executive, legislative, and judicial branches. While the federal constitutional system is similar to other modern republics like the United States, the Argentine legal system claims its heritage…

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BRAZIL: The Central Bank of Brazil publishes rules on the operation of the Regulatory Sandbox

December 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil and the National Monetary Council published, on October 26, 2020, Central Bank (BC) Resolution No. 29 and National Monetary Council (CMN) Resolution No. 4.865, to establish rules relating to the conduction of experiments in a Controlled Environment, named regulatory Sandbox, in which authorized companies may test, under certain conditions, projects that…

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BRAZIL: Open Banking Implementation in Brazil

June 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil (“Bacen”) and the National Monetary Council (“CMN”) jointly enacted Joint Resolution No. 01, of May 4, 2020 (“Joint Resolution”), setting forth the basic rules for implementation of the Open Financial System (“SFA”) or, as known, the “Open Banking” model in the National Financial System.  The…

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