The Central Bank (BC) withdrew this Tuesday (13) from the embargoes for declaration filed against the decision of minister Jhonatan de Jesus, of the Federal Court of Auditors (TCU), which authorized the inspection of documents related to the liquidation of Banco Master.
With the withdrawal of the appeal, the technical analysis of the case can be carried out directly, without the need for consideration by the plenary of the Court of Auditors.
The withdrawal was formalized in the TCU’s public consultation system one day after a meeting between the president of the Court of Auditors, Vital do Rêgo, the reporting minister Jhonatan de Jesus and the president of the Central Bank, Gabriel Galípolo, as well as representatives of the two bodies.
Agreement
According to interlocutors, the agreement reached removed the divergences that had been causing institutional tension in recent days. The Central Bank had appealed to the TCU on the grounds that the inspection could not be determined monocratically by a minister, but would depend on a collegial decision.
After the meeting, however, the BC assessed that there was clarity regarding the scope of the inspection. The inspection will be restricted to the analysis of the documentation that supported the Banco Master liquidation process, decreed in November 2025, without interfering in the technical decisions of the monetary authority.
Bank secrecy
“The TCU will have access to the Central Bank documents that served as the basis for the liquidation process. The only person who could liquidate the bank was the Central Bank, and that was never under discussion”, stated Vital do Rêgo after the meeting. According to him, it will be up to the court to analyze the documents, without reviewing the merits of the decision.
One of the most sensitive points in Jhonatan de Jesus’ initial order was the mention of the possibility of reassessing the settlement, which generated a market reaction and concern about the BC’s autonomy. After the agreement, the hypothesis was ruled out.
Next steps
With the withdrawal of the appeal, the original decision authorizing the inspection becomes valid again. The procedures must be carried out at the headquarters of the Central Bank, in Brasília, by technicians from the specialized area of the TCU, known as AudBancos. According to the president of the Court of Auditors, the work must be completed within 30 days.
The initiative seeks to provide legal certainty to the process and end the impasse between the two bodies, preserving both the supervisory role of the TCU and the technical independence of the Central Bank.
