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Central Bank and TCU Leaders Set Jan. 12 Meeting Over Banco Master Oversight

The session aims to craft a framework that preserves the monetary authority's autonomy, enabling the court's audit access.

Overview

  • An official Central Bank agenda confirms a 14:00 Monday meeting in Brasília between BC president Gabriel Galípolo and TCU president Vital do Rêgo regarding the Banco Master case.
  • BC attendees include directors Ailton de Aquino, Gilneu Vivan, Izabela Correa, and executive secretary Rogério Lucca, with TCU officials Juliana Pontes, Flávio Takashi Sato, and Maria Bethania Lahoz also participating.
  • The meeting follows TCU minister Jhonatan de Jesus suspending a previously authorized on-site inspection at the BC, granting suspensive effect to the BC’s appeal, and sending the matter to the TCU plenary.
  • The BC argues large-scale diligences require approval by the TCU’s collegiate bodies to avoid institutional instability or reversal of management acts, and Vital do Rêgo has said the goal is to define a workable oversight model.
  • The plenary still must set the scope of access to BC documents, while technical staff press for an in-person review tied to the November liquidation of Banco Master after Federal Police actions under Operation Compliance Zero, which included the temporary detention of controller Daniel Vorcaro.