TCU Orders Urgent Inspection of Central Bank Over Banco Master Liquidation as BC Seeks Collegiate Review

Overview

• The TCU relator, Jhonatan de Jesus, authorized an in-person examination at the Central Bank after deeming the bank’s prior technical note insufficient for lacking underlying documents.
• De Jesus signaled he may request a precautionary order to block asset sales or suspend acts linked to the liquidation to preserve the value of the estate until the audit advances.
• The inspection will be conducted in loco under banking-secrecy safeguards, reconstructing the 2019–2025 supervision and decision trail and checking whether less harmful market alternatives were duly considered.
• The Central Bank filed an appeal asking that the inspection be decided by the TCU’s collegiate body, and the start of fieldwork awaits a formal order detailing the team and schedule.
• TCU leadership affirms constitutional authority to audit legality and economy of administrative acts, while the move has prompted debate over the tribunal’s reach into prudential decisions of an independent monetary authority.