TCU Opens Review of Banco Master Liquidation as Ministers Move to Block Possible Reversal

Overview

• TCU president Vital do Rego said the technical unit received the Central Bank’s documents and that plantonistas would begin evaluating them during the recess before the formal return on January 19.
• Several TCU ministers are coordinating a response to any recess injunction by rapporteur Jhonatan de Jesus that could suspend the liquidation, including the option of convening an extraordinary session to overturn it.
• Jhonatan ordered the Central Bank to detail the criteria and timeline behind the decision and questioned what he called the regulator’s “precipitation,” with the TCU case now under seal by his order.
• Ministers and observers warn a recess injunction could temporarily restore Banco Master’s operations until the plenary reconvenes in February 2026.
• In parallel, the case moved to the Supreme Court by a monocratic order from Dias Toffoli, who directed a confrontation between Daniel Vorcaro, former BRB chief Paulo Henrique Costa, and BC director Ailton de Aquino Santos after denying requests to halt the step.