BANKING REGULATION
Central Bank chair pushes for full autonomy
Gabriel Galípolo argues that full autonomy would shield the Central Bank from political pressures. Photo: Fabio Rodrigues-Pozzebom/EBC
Two weeks ago, Brazil’s Central Bank ordered the liquidation of Banco Master, a mid-sized lender whose rapid ascent was fueled by high-risk operations — and, investigators say, systemic fraud. The bank’s sprawling political connections have turned the case into a reverberating scandal in Brasília, where many expect federal inquiries to tug at threads that could lead directly to powerful elected officials.
For the Central Bank itself, the case also presents an opportunity: the monetary authority is using the scandal to…
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