Since the 90's, the global trend has been the establishment of formal deposit guarantee systems. The rationale behind this trend is authorities' increasing concern with the stability of the financial system. This is reflected in the implementation of additional instruments for monitoring and control, as well as the consequent creation of system protection networks. Ultimate instance loans, efficient regulation and supervision, appropriate legal structures and direct protection to depositors through a guarantee system, are elements of this network designed to maintain a solid, healthy banking system.

Brazil has followed this trend.

The National Monetary Council's (Conselho Monetário Nacional - CMN), Resolution 2,197 of August 31, 1995 authorized the "setting of a private non-profit organization to control the protection of credit holders against financial institutions".

In November 1995, the Statute and Regulation of the new organization were approved and Resolution 2,211 of November 16, 1995.


Aug / 1995

CMN authorizes FGC's creation

Nov / 1995

Approval of FGC Bylaws and Regulations Guarantee of BRL 20,000

Sep / 2006

Guarantee increases to BRL 60,000 Ordinary contribution decreases from 0.30% p.y. to 0.15% p.y.

Dec / 2008

Investment Program created to support liquidity

Mar / 2009

Creation of Time Deposits with Special Guarantee (DPGE)

Dec / 2010

Guarantee increases to BRL 70,000

Jul / 2012

Possibility of giving collateral for taking out DPGE


Guarantee increases to BRL 250,000 Management becomes independent


Extension of period for taking out unsecured DPGE


Change in rules related to coverage of ordinary guarantee



To protect depositors and investors under the financial system, up to the limits set forth by regulation;


To contribute to the maintenance of the stability of the National Financial System;


To contribute to the prevention of systemic banking crises.


To contribute with people confidence at National Financial System. 



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  • Technical rigor to preserve impartiality

  • Legitimacy to be respected

  • Timeliness to be efficient and fair