Adjustments announced “demonstrated that the Ministry of Finance is aware of market notes and willing to correct directions, if necessary,” the association evaluates
The Brazilian Association of Financial and Capital Markets Entities (Anbima) has stated that it will discuss “urgently” with the Government the financial and negative implementation reflection that changes in the collection of the financial operations tax (IOF) bring to plans of Life Generating Free Benefit (VGBL).
According to Anbima, the willingness to review the first proposal for direct shipping rates for investment abroad, released this morning, brought “a certain relief” compared to the version published on Thursday, which “showed negative reflexes for the entire Brazilian capital market”.
Thus, the adjustments announced on Friday “demonstrated that the Ministry of Finance is aware of market notes and willing to correct directions, if necessary,” the association, in a statement.
Anbima also mentions that the investment funds industry has a equity of over R $ 9 trillion and “finances much of the country’s public and private debts”.
The Association also states that “it intends to address the impacts of Resolution 5,212 released by CMN (National Monetary Council), which deals with the CRIS issuance ballast (Real Estate Receivables), CRAS (Agribusiness Receivables Certificates) and CDCA (Certificates of Credit Rights of Agribusiness).
