It should not generate risks for the financial ecosystem in Brazil, assesses the partner-president of PwC in Brazil, Marco Castro. In an interview with InfoMoney on Tuesday afternoon (18), the executive stated that the Central Bank must be “doing what it is doing” to guarantee security to related parties.
“What happens is that, as technology evolves, as risks evolve, these vulnerabilities appear,” he said in the afternoon at the Zoox Data Revolution event, from data solutions company Zoox. “The Central Bank has to continue to lead the way, doing what it is doing. Tightening regulation, adjusting when necessary. And I think this is important for all of us. It’s more security for the investor, it’s security for the consumer, for the account holder, for the entire banking system.”
Castro considers that the BC’s technical staff, created in a volatile environment of hyperinflation where decisions always needed to be quick, is accustomed to making quick decisions. “The Central Bank has everything very controlled. It acts quickly, so I’m sure this gives a guarantee to the system that Brazil has today”, he states.
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The Central Bank stated that it decreed the extrajudicial liquidation of Banco Master and institutions linked to the group this Tuesday. In a note released this Tuesday afternoon (18), the body also mentioned “serious violations of the rules that govern the activity of member institutions” of the National Financial System as the basis for the measure.
