TCU and Brazil’s Central Bank Meet as Banco Master Inspection Is Put to Plenary

Overview

• Vital do Rêgo meets Gabriel Galípolo at 2 p.m. with senior BC directors to seek a way to reconcile audit powers with regulatory autonomy.
• Relator Jhonatan de Jesus first ordered an on-site review of BC documents, then suspended it and sent the issue to the TCU plenary after the pushback.
• The Central Bank filed an embargo de declaração arguing a single TCU minister could not authorize such an inspection without collegiate approval.
• Vital stated the TCU cannot overturn the Master liquidation, noting that any reversal would fall to the Supreme Federal Court.
• G1 reports several TCU ministers want distance from the case and do not expect the plenary to approve an inspection, as revelations about paid online attacks on the BC and Febraban intensify concerns.