The Brazil Securities Commission (CVM) launched the EVOLUA pilot programme, a technical cooperation initiative with the Getulio Vargas Foundation (FGV) that now also includes the Brazilian Financial and Capital Markets Association (ANBIMA), to foster academic research and debate on capital markets topics that can support the regulator’s work. EVOLUA is positioned as CVM’s interface with academia, aimed at expanding knowledge to inform strategic decision-making and increasing engagement between young researchers, the capital markets, and the regulator. FGV, supported by ANBIMA, will manage the programme’s operational delivery, including developing procedures and internal calls to select researchers, and producing academic work under CVM guidance and demand. Within CVM, the Advisory on Economic Analysis, Risk Management and Integrity (ASA) is leading the pilot, which is expected to facilitate further partnerships with other education and research institutions, alongside CVM’s existing technical cooperation agreements for other projects.
Brazil Securities Commission (CVM) 2025-05-08
Brazil Securities Commission launches EVOLUA pilot with Getulio Vargas Foundation and the Brazilian Financial and Capital Markets Association
The Brazil Securities Commission (CVM) launched the EVOLUA pilot programme with the Getulio Vargas Foundation (FGV) and the Brazilian Financial and Capital Markets Association (ANBIMA) to enhance research and debate on capital markets. The programme aims to inform CVM's strategic decisions and increase engagement between young researchers, capital markets, and the regulator. FGV, supported by ANBIMA, will manage operations, while CVM's Advisory on Economic Analysis, Risk Management, and Integrity leads the pilot.