The Central Bank denied that director Ailston de Aquino Santos, from the authority’s Supervision area, recommended the acquisition of Banco Master’s credit portfolios by BRB.
In a clarification note, released after a complaint by the newspaper O Globo, the Central Bank reported that it is carrying out rigorous investigations, including those led by Aquino, which proved the insufficiency of the assets included in these portfolios. The frauds were reported to the Federal Public Ministry, with appropriate documentation, and all necessary measures were adopted.
The BC added that, with the aim of preventing new operations that could affect BRB’s liquidity, the Supervision area, under the guidance of the director, applied preventive prudential measures to the institution. Furthermore, it was the director’s own initiative to submit to the Central Bank’s Collegiate Board of Directors the proposal for extrajudicial liquidation of the Master Conglomerate’s institutions.
Finally, the Central Bank stated that director Ailston de Aquino is available to the Federal Public Ministry and the Federal Police for clarification, and can provide banking and tax information and records of conversations held with the former president of BRB, Paulo Henrique Costa, for future investigations.
Check out the full note:
Regarding news related to the transfer of credit portfolios from Banco Master to BRB, the Central Bank informs that, under the command of Director Ailton de Aquino Santos, the Autarchy’s Supervision area was responsible for identifying inconsistencies in the aforementioned operations, having immediately carried out rigorous investigations, which led to the demonstration of the insufficiency of the assets forming part of such portfolios.
The initiative to promote the communication of criminal offenses to the Federal Public Ministry, accompanied by supporting documentation and careful technical analyses, was also part of the area headed by Director Ailton de Aquino. Subsequently, with the objective of preventing the practice of new operations with impacts on BRB’s liquidity, the Supervision area, under the guidance of the same Director, applied a preventive prudential measure to BRB, with the Director himself, finally, taking the initiative to submit to the Central Bank’s Collegiate Board of Directors the proposal for extrajudicial liquidation of the Master Conglomerate’s institutions, including due to the illicit acts perpetrated in them.
Therefore, Director Ailton de Aquino states that, obviously, he never recommended the acquisition of fraudulent portfolios.
The Central Bank has a legal obligation to permanently monitor liquidity conditions, including acquisitions of assets between financial institutions, aiming to ensure the stability of the National Financial System and protect the interests of depositors, investors and other creditors. In carrying out this mandate, the Central Bank’s Supervision area, in accordance with current legislation, routinely monitors risks and seeks solutions for any liquidity problems that may be identified in any and all financial institutions.
Each financial institution, in accordance with current legislation, has exclusive and full responsibility for analyzing the quality of the credits it acquires on the market, and must maintain the procedures and internal controls necessary for the adequate management of the risks of its business.
Finally, imbued with his commitment to transparency and aware of his responsibilities as a public servant and as a citizen, Director Ailton de Aquino makes his banking and tax information and records of the conversations he held with the former President of BRB, Paulo Henrique Costa, available to the Federal Public Ministry and the Federal Police, renouncing, for this purpose, the secrecy surrounding them.
