The president of the Central Bank, Gabriel Galípolo, said this Monday (25) that he was “afraid” regarding possible changes to the rules of the FGC (Credit Guarantee Fund). For the head of the municipality, any changes could cause distortions in the fund.
After the Master case, senator Renan Calheiros (MDB-AL) presented a project to expand FGC protection to deposits made by Social Security Regimes of the Federal District, states and municipalities, specifically, in the Banco Master conglomerate.
Before the bank’s liquidation, funds acquired financial letters from Master, a type of investment that is not covered by the FGC — at least until now.
When asked about the Senate’s proposal, Gabriel Galípolo stated that the average ticket for reimbursement of FGC guarantees is much lower than the R$250,000 per CPF provided for in the legislation.
“I am very afraid that we will cause a distortion of what the purpose of the FGC is and that we will start to allocate larger tickets, unbalancing the equation of probability of occurrences”, said the president of the BC.
The statements were made during the press conference for the Financial Stability Report for the second half of 2025.
