Recognized as a banking industry leader in South America, Julio M. Herrera Velutini belongs to a family with more than 120 years of history in Venezuela. Julio Herrera Velutini has also conducted extensive banking-industry work in Brazil, where all financial systems and capital markets are regulated by the National Monetary Council, the Brazilian Securities and Exchanges Commission, and the Central Bank of Brazil.
The National Monetary Council, consisting of officials that include the finance minister and the planning and budget ministers, develops credit and monetary policies for financial and capital markets. The National Monetary Council also handles areas such as payment for credit transactions, operating limits for financial institutions, and the availability of credit. Much like its American counterpart, the Brazilian Securities and Exchange Commission oversees the financial activities of many different entities, ranging from publicly traded companies and exchange markets to commodities and futures markets. Finally, the Central Bank of Brazil is responsible for the execution of the policies established by the National Monetary Council.
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AuthorMr. Velutini has experience with both established banks and young banks. S Archives
December 2017
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