On Wednesday (20), the Senate’s Economic Affairs Committee will hold hearings for , and Igor Muniz, a candidate for a seat on the authority’s board of directors.
On Monday (19), senator Eduardo Braga (MDB-AM) sent the commission an opinion in which he concluded that Lobo meets all the formal requirements to preside over the authority responsible for monitoring the capital markets in Brazil. This was also the content of the opinion of senator Rogério Carvalho (PT-SE), responsible for Muniz’s opinion.
The CVM has been under interim command since July 2025, when João Pedro Nascimento resigned.
as to Sheet showed,
“The message sent states that the Ministry of Finance states that the nominee has moral integrity and an unblemished reputation, as well as having a professional profile or academic training compatible with the position, or the function for which he was nominated. All formal requirements for the instruction of the present nomination, hearing and appointment process are therefore met,” Braga wrote in the report.
who favored Daniel Vorcaro, who controlled Banco Master.
Lula’s appointment of Lobo was not well received by the market and was the target of criticism. Amid tensions with the Master scandal, his name gained even more resistance. He was not among those most considered for the position. As shown by Sheet
Muniz is president of the Special Capital Market Commission of the (Brazilian Bar Association) and a lawyer for Petrobras, and had the support of senators and members of the Civil House.
Lobo remained temporarily president of the body until the beginning of this year.
Renan Calheiros had asked Braga to confirm with President Lula whether Otto Lobo’s nomination was maintained. If he assumes the presidency of the CVM, he will remain in office until July 2027.
LINK PRESENT: Did you like this text? Subscribers can access seven free accesses from any link per day. Just click the blue F below.
