TCU Gives Central Bank 72 Hours on Banco Master Liquidation as Banking Groups Rally Behind Regulator

Overview

• TCU minister Jhonatan de Jesus ordered the Central Bank to deliver documents within three days explaining the rationale for Banco Master’s extrajudicial liquidation.
• The request seeks the technical and legal grounds, analysis of less severe options, a timeline of negotiations including any FGC role or purchase offers, internal dissent, plus how confidential materials will be shared.
• The Central Bank says every step of the case was documented and it is preparing a legal defense, with President Gabriel Galípolo stating the record is complete and available to the Supreme Court under seal.
• The TCU classified the proceeding as reserved, while earlier STF orders by Minister Dias Toffoli imposed secrecy and centralized related investigations at the Supreme Court.
• Banking associations Febraban and ABBC publicly affirmed confidence in the regulator’s independence, as PF and MPF probes continue into alleged fraudulent credit issuances and a disputed portfolio sale to BRB of about R$12 billion, with Master’s CEO previously arrested and later released with electronic monitoring.