Overview
- Senator Plínio Valério, who reports the bill on Central Bank financial and budget autonomy, said he will discard the amendment as out of scope for the PEC.
- Senator Ciro Nogueira said in a video that he will file the proposal again and he denied any wrongdoing.
- Federal Police say Banco Master staff drafted the text and sent it through banker Daniel Vorcaro, with investigators alleging payments of up to R$500,000 per month.
- The amendment would raise Brazil’s deposit insurance cap under the FGC from R$250,000 to R$1 million per depositor.
- Even if the relator excludes it in committee, backers could try in the full Senate, which could make insured deposits more tempting for savers and has already spurred a bill to curb FGC use in bank ads.