Amid the scandal, Minister Flávio Dino, of the Federal Supreme Court, scheduled a court hearing for next Monday (4) for The body is responsible for preventing accounting fraud and investigating possible irregularities.
The debate takes place within the scope of an action filed by the Partido Novo, but should be expanded to discuss the conditions of the CVM to monitor a financial market that already exceeds R$50 trillion in movements.
Today, the CVM has 482 employees, 7% less than in 2015, and more than 130 vacant positions. Part of the inspection fee charged by the agency goes to the National Treasury, which limits its capacity to invest in structure and personnel.
Participating in the hearing were the presidents of the Central Bank, Gabriel Galípolo, the interim CVM president, João Carlos Accioly, as well as representatives from Anbima (Brazilian Association of Financial and Capital Market Entities) and Abrasca (Brazilian Association of Public Companies).
Lawyer and former CVM director Gustavo Tavares Borba will also be present as a guest expert.
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