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FEBRABAN Founded in November 1967 FEBRABAN - Brazilian Federation of Banks is a professional organization and the principal representative of the Brazilian banking sector. Its 119 members, out of a total of 164 banking institutions (as of January 2004), hold 95% of the total assets in the system, which strengthens its role as a spokesman for banks in Brazil. Principles In order to advance the debate on the development of the banking sector and trace its impact on society as a whole, FEBRABAN has adopted principles that govern the performance of its activities and emphasize the importance of its relationship with society. Those principles are reflected in its statements of Vision, Mission, and Values. Mission To represent its members in order to continuously improving effectiveness of the financial system and its relationships with society, contributing to Brazil's economic and social development.
A sound, ethical, and effective financial system is an essential condition for Brazil's economic and social development.
Valorizing people. Structure
and operation Corporate social responsibility
For employment-related issues, FENABAN - National Federation of Banks is the banks' main representative before authorities and bank employees' unions. Its role is to help modernize the relationship between capital and labor in the banking sector and to represent the employers' associations and companies in collective bargaining nationwide. It was founded in 1966, and since 1983 its management, operational structure, and facilities have been shared with FEBRABAN.
CNF - National Confederation of Financial Institutions was created in 1985 for the purpose of bringing together, in a political-institutional sense, the associations formed by companies operating in different segments of the financial market. In 2000, CONSIF was organized as a higher-level employers' association responsible for bargaining collective agreements. As the highest representative organization in the Brazilian financial system, CNF is a national representative organization for the associations of the different segments of the Brazilian financial system, and its primary goal is to represent it before the Government, Congress and Justice and other segments of society, especially as a liaison with Confederations of Businessmen. Therefore, CNF represents the banking sector before society and authorities, acts as a forum for discussion on the sector's internal issues, and participates in the great national debates.
CIP - In order to address the so called new Brazilian Payment System (SPB) Brazilian banks joined to create a clearing house - the Interbank Payments Clearing System CIP. Payment Clearing System CIP. Payment system deeply changed to gradually replace paper-based settlement processes with electronic ones placing the Brazilian financial system among the world´s most modern. CIP operates a Funds Transfer System - Sitraf, which allows continuous obligations netting. Unless otherwise scheduled, funds transfer orders are for same-day settlement (D), that is to say, "almost real-time". It is a hybrid settlement system in the sense that, like other similar systems in the world, such as the Paris Net Settlement System - PNS, in France and the Clearing House Interbank Payments System - CHIPS (New Chips), in the United States, it combines features of the deferred settlement systems with netting of obligations (LDL) and the real-time gross settlement systems (LBTR). SERASA Banks also created SERASA - Centralization of Banking Services in 1968. The purpose of this company is to provide financial analysis support and geo-economics studies through the broadest private system of business intelligence in the country by the company's own data processing center. With a constant aim on innovative business information solutions, Serasa has, in the course of the past decade, contributed to changing Brazil's credit culture, with continuous incorporation of cutting-edge technology resources. In order to stay at the forefront, Serasa maintains agreements with leading universities in Brazil and abroad, as well as a constant exchange of experiences with the world's leading reference centers in the field of credit. With an eye on the new economy, Serasa became the first private company in Brazil to be certified by ICP-Brasil as an issuer of Digital Certificates for the Brazilian Payments System (Sistema de Pagamentos Brasileiro - SPB). Serasa also maintains agreements with the leading information firms in all continents. In 1995, Serasa was the first fully Brazilian organization to receive the National Quality Award (Prêmio Nacional da Qualidade - PNQ), which grants its awardees the status of World Class Companies. In 2000, Serasa became the fist company to win the PNQ twice. Hyperlinks FEBRABAN CNF SERASA Brazilian
Central Bank Financial
stability report as of November 2003. Composition
of the SFN. History
of the SFN - December 2003. Brazilian
banks after Resolution 1.524 of Sept. 21, 1988. Banks' Social Reporting -- 2002. Available at: (http://www.febraban.org.br/Arquivo/Servicos/Dadosdosetor/Apresentacao_2003.asp) Corporate
social responsibility
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FEBRABAN, CNF and Related Entities