Brazil 's Senate has voted to provisionally allow state - run banks Banco do Brasil and Caixa Economica Federal and its subsidiaries to acquire shares in other companies until December 31st , 2018 ; the measure now has to be sanctioned by President Dilma Santos . On another note , Moody 's has warned that Brazil 's decision to allow lending through state - owned banks , such as Banco do Brasil and Caixa Economica Federal , could increase their asset quality risk and increase risk to creditors .
Brazil's Senate has agreed to provisionally allow state-run banks Banco do Brasil and Caixa Economica Federal and its subsidiaries to buy stakes in other companies until December 31st, 2018; the measure now needs to be sanctioned by President Dilma Rousseff. On another note, Moody's has warned that Brazil's decision to increase lending through state-owned banks, such as Banco do Brasil and Caixa Economica Federal, could increase their asset quality risk and increase risk to creditors.