President of the TCU stated that the meeting with Gabriel Galípolo, from the BC, sealed an agreement for inspection and ruled out the risk of suspension of the liquidation of Banco Master
The president of the TCU, minister Vital do Rêgo, stated this Monday (12 January 2026) that the meeting with the president of the BC, Gabriel Galípolo, eliminated the need for a precautionary measure to suspend the liquidation process of Banco Master.
According to Vital, there was “absolute convergence” between institutions. The Central Bank agreed to open the data for inspection by the Federal Court of Auditors, recognizing the Court of Auditors’ competence as a tax inspector. “second order”.
“I understand that it takes away [a medida cautelar]. I understand that he distances himself because it was a meeting in which we converged for the same purpose, the purpose of monitoring and respecting our prerogatives”the minister told journalists after the meeting.
The tension between the bodies had escalated after the case’s rapporteur at the TCU, minister Jhonatan de Jesus, classified the extrajudicial liquidation as “hasty” and indicate the need to reverse the decision of the monetary authority.
Vital do Rêgo, however, was emphatic in denying that the Court has the power to undo the BC’s act. “Does the TCU have the power to reverse the liquidation of Banco Master? No, it doesn’t”he declared.
Here are the highlights of the TCU president’s speech:
- competence – the BC recognized the legitimacy of the TCU to audit the administrative and criminal process of the liquidation;
- limits – the inspection will respect banking secrecy and the prerogatives of the monetary authority;
- term – document analysis begins immediately. The TCU plenary must judge the embargoes of the case next Wednesday (21 January);
- relator – Vital do Rêgo avoided talking about Jhonatan de Jesus, stating only that he is the “president of the inquiry”, but highlighted that the final decision on liquidation is an administrative and regulatory act of the BC.
