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Overview
- The nominations were published in an extra edition of the Diário Oficial on January 7 and now proceed to Senate Economic Affairs Committee hearings after the parliamentary recess.
- If confirmed, Lobo would complete a caretaker term through July 2027, and the five-member board would still have one seat unfilled.
- Market reaction was split, with Abrasca endorsing both names as technical choices while investors and the Instituto Empresa warned that the move could politicize the regulator and erode credibility.
- Lobo’s record as interim president included disputed votes, notably using a tie-breaker to block an Ambipar tender offer against the CVM’s technical view and supporting absolutions in high-profile cases.
- Valor reported, citing unnamed sources, that political bargaining linked to efforts to seat Jorge Messias on the Supreme Court influenced the pick after the Finance Ministry favored a more technical alternative.