Uma análise da reestruturação do Sistema Financeiro Nacional após o Plano Real e seus efeitos sobre o nível de provisionamento da carteira de crédito

• Ano de defesa: 2006
• Autor(a) principal: Fernandes, Dimas Tadeu Madeira
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Palavras-chave em Português: Mercado financeiro; Créditos; Reforma monetária
• Link de acesso: http://www.repositorio.ufc.br/handle/riufc/21420

Searching to know the main interventions happened in the National Financial System (SFN) after Real Plan, as well as the behavior identified in the percentile of allowance of the credit portfolio facing such interventions, is the aim to be reached in this paper. For this intend, an exploratory research was made, in order to deepen the knowledge about the features of each one of the happened interventions and a documental research that could allow to recover the necessary data for the calculation of the percentile of allowance required. From the four analyzed interventions, three of them were characterized as restructuring programs, each one addressed to a specific segment of SFN. The first program was directed to the medium and big private banks, in insolvency state in the moment of the Real Plan launch, having been financed by SFN resources, through the compulsory deposit. Its objective was to transfer the healthy part of the bank to a new controller and to liquidate the part of difficult recovery. In the case of the programs directed to the segment of the public banks, in the state and federal spheres, they were financed by the underwriting of federal public bonds intended to clean up and privatize the state banks as well as to allow the enrollment of the federal banks in the new allowance rules published by the Brazilian Central Bank (BACEN) in 1999, which is the fourth intervention in the period after Real Plan. This fourth intervention had like focus the whole SFN and was characterized by the implementation of a modern and rigorous rule of risk classification and allowance, under the precepts of the Basel Agreement. The analysis of the graphs with the behavior of the allowance level for the period, in each one of the segments of SFN, demonstrated that all the happened interventions resulted in the increase of the allowance percentile of the credit portfolio, above all when the new allowance rule was implemented by BACEN. It was also demonstrated that the public banks, for having historically a low level of allowance, were the ones that presented the largest growth in this item, being now in a superior level if compared to the private segment. At the end of the paper, the conclusion is that the analyzed interventions modernized and gave a better strength to SFN, which became more conservative in the credit segment and more prepared to face unfavorable economic conjunctures.