Galípolo Defends Central Bank’s 2025 Response, Seeks Tougher Oversight as Senate Reviews Campos Neto Deal

Overview

• The Senate’s Economic Affairs Committee holds a hearing today with Gabriel Galípolo to explain the BC’s R$300,000 agreement that closed an administrative case involving former president Roberto Campos Neto, with Coaf also called to discuss pooled fintech accounts known as contas-bolsão.
• Speaking to bank executives at Febraban, Galípolo said the BC acts on data rather than public pressure, described the institution’s role as strictly technical, and noted that tail risks have narrowed late in the year.
• Galípolo called for expanding the regulatory perimeter and securing funding to modernize supervision, citing AI-driven monitoring to reduce sampling and improve real‑time detection.
• Following the BC-ordered liquidation of Banco Master, owner Daniel Vorcaro remains in custody after a transfer to a Guarulhos detention center, as his defense files a new habeas petition with the STJ; the PF estimates suspect credit operations reached about R$12 billion.
• Investigations detail irregular dealings between Master and BRB, including a R$303 million transaction tied to a payments firm registered to a snack‑bar attendant under fraud probe, while BRB says it is conducting an internal review.