Iuris Dictio

Dossier I

Núm. 36 (2025)

Regulación y supervisión de fintech en Brasil: perspectivas de la experiencia del Banco Central y desafíos emergentes

DOI:
https://doi.org/10.18272/iu.i36.3924
Enviado
junio 15, 2025
Publicado
2025-11-26

Resumen

El rápido crecimiento del sector fintech en Brasil llevó al Banco Central de Brasil (BCB) a adoptar un enfoque regulatorio adaptativo. Este artículo analiza cómo el BCB enfrentó los desafíos del crecimiento fintech mediante la modernización de la regulación y el fortalecimiento de su marco de supervisión basado en riesgos. Los resultados muestran que una regulación proporcional, basada en principios y adaptativa, combinada con iniciativas innovadoras, puede mejorar la inclusión financiera sin afectar la estabilidad ni la protección del consumidor. No obstante, la experiencia revela desafíos como riesgos emergentes y limitaciones de capacidad. El caso brasileño ofrece lecciones para otras economías emergentes que buscan equilibrar innovación, inclusión y estabilidad financiera en un marco coherente de regulación y supervisión.

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