The rapporteur analyzing the Banco Master liquidation process at the Federal Audit Court (TCU), minister Jhonatan de Jesus, ordered an inspection of the Central Bank, after considering the technical note on the case forwarded to the Court by the financial market regulatory body insufficient.
According to the president of the TCU, minister Vital Rêgo, authorization for the procedure was formalized within technical work already in progress, which “seeks to clarify the technical-legal and operational foundations of the regulatory body’s actions”.
Minister Jhonatan de Jesus welcomed the representation made by the Federal Public Ministry to the TCU that requests the investigation of possible failures in the supervision exercised by the Central Bank of Brazil over Banco Master SA and its subsidiaries, culminating in the decree of its extrajudicial liquidation.
After opening space for the Central Bank’s statement, the TCU would have received a technical note from the body explaining the history of the process and the grounds and considerations that led the institution to decide on extrajudicial liquidation. For Jhonatan de Jesus, the document was considered insufficient.
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