Agenda BC#
About Agenda BC#
Everyone wants easy access to financial markets, long-term low interest rates and better financial services. That is what the Central Bank of Brazil (BCB) calls “financial democratization”. To promote such an outcome in the Brazilian economy, the BCB implemented the Agenda BC#, its work agenda focused on tackling structural issues of the National Financial System (SFN) through fostering technological innovation.
The Agenda BC# added new dimensions and strengthened the Agenda BC+ pillars that were implemented in 2016. By pursuing the reduction of cost of credit, the enhancement of the banking regulation and the efficiency of the SFN, the Agenda BC# aims at promoting ‘Inclusion’, ‘Competitiveness’ and ‘Transparency’—which are its 'Dimensions'. Furthermore, the Agenda BC# revised the “financial education” initiative and kept it as its fourth dimension.
Agenda BC# Dimensions
Inclusion
To ensure non-discriminatory access to the market for all those wishing to participate: small and large businesses entrepreneurs, investors and borrowers, both domestic and foreign clients.
Competitiveness
To promote adequate pricing through fostering competitive access to financial markets.
Transparency
To improve the market and the BCB information availability and quality, and strengthen the transparency of information regarding financial markets—such as financial services and credit earmarking rules.
Education
To promote the citizens’ financial awareness—and, ultimately, their participation in the financial markets—as well as to strengthen the habit of saving."
Sustainability
Resource allocation directed towards the development of a more sustainable, dynamic and modern economy.