The Central Bank of Brazil published its 2025 Integrated Report (Relatório Integrado, RIG), an annual accountability document summarising the institution’s main deliveries, results and challenges over 2025 and forming part of its formal reporting to the Federal Court of Accounts. The report frames the year’s work under Agenda BC#, focused on modernising the National Financial System and supporting sustainable growth. The RIG marks the end of the Central Bank’s 2020–2025 strategic cycle, with 91 of 117 planned actions (78%) completed and 26 extended to 2026–2028. Highlights include the official launch of the quarterly Firmus survey of non-financial firms; structural cyber and anti-fraud measures spanning mandatory rejection of transactions with signs of fraud, rules on closing “contas-bolsão” (pool accounts) and regulation of Banking as a Service with defined responsibilities and transparency criteria; and a package of Pix security measures including tougher requirements for unauthorised institutions, dispute processes for fraudulent transactions in banking apps, blocking keys linked to fraud, excluding participants that do not meet minimum net worth requirements and a daily fine for non-compliance. The report also cites Pix growth (7.934 billion transactions in December 2025, up 24% year on year, involving 172 million people and 22.2 million companies, with 920 million registered keys) and new features (Pix by proximity and Pix Automatic), the launch of BC PROTEGE+ to prevent account opening and third-party account linkage using false identities, regulation of virtual assets, and public consultations to improve the GRSAC social, environmental and climate risk report and cross-border payments and transfers (eFX). Next steps referenced in the report include carrying forward the 26 extended strategic actions into 2026–2028 and using the new Financial Literacy Competency Matrix to support expansion of the Aprender Valor programme to high school in 2026.
Central Bank of Brazil 2026-04-01
Central Bank of Brazil publishes its 2025 Integrated Report closing the 2020–2025 strategic cycle
The Central Bank of Brazil published its 2025 Integrated Report, closing its 2020–2025 strategic cycle with 78% of planned actions completed and 26 extended to 2026–2028 under Agenda BC#. Key developments include new cyber and anti-fraud rules, enhanced Pix security and functionality, the Firmus survey and BC PROTEGE+, virtual asset regulation, and consultations on the GRSAC social, environmental and climate risk report and cross-border payments. The report also notes strong Pix growth and plans to use the new Financial Literacy Competency Matrix to expand Aprender Valor to high schools in 2026.