Galipolo backs technical oversight in Banco Master controversy
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Central Bank chief Gabriel Galipolo publicly backed technical, rather than political, supervision of Brazil's banking sector as the Banco Master controversy escalated. The dispute centers on how the central bank handled irregularities at the mid-sized lender and whether its intervention should be reviewed by Congress or left to technical staff. Galipolo's remarks signal the monetary authority wants the case judged on supervisory procedure, not political pressure.
Source: Galipolo backs technical oversight in Banco Master controversy — Valor International
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