THE Federal Audit Court (TCU) confirmed receipt of the appeal presented by the Central Bank, which is appealing the decision of the minister reporting on the Banco Master case, Jhonatan de Jesus, who ordered an inspection of the financial market regulatory body. 
“At the current stage, the rapporteur is analyzing the declaration embargoes filed by the BC. We must wait for this definition to see how the process will proceed”, informed the TCU’s technical advisor.
In motions for clarification, the determination by a single judge is questioned by the Central Bank on the grounds that the decision should come from a collegiate deliberation process.
A statement published on the TCU’s communication channels, this Tuesday (6), reinforces the Court’s control role over decision-making processes of the federal public administration, provided for in the Federal Constitution.
Decision-making autonomy
The note “reaffirms that the Central Bank of Brazil, although endowed with technical and decision-making autonomy, is part of the federal public administration and, as such, is subject to the constitutional system of external control”.
According to the information, the TCU’s action is neither new nor exceptional, and is in line with the regulatory body’s defense of independence.
“It does not weaken the authority of the Central Bank. On the contrary: it reinforces the institutional legitimacy of public decisions, assuring society that acts of high economic and systemic impact were carried out in strict compliance with constitutional principles”, he concludes.
