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Brazilian audit court clears central bank conduct in Banco Master wind down

Brazil's audit court found no fault in the central bank's handling of the Banco Master liquidation. The review follows scrutiny after the lender's collapse.

The Federal audit court (TCU) (SY:TCU) has completed its technical review of the Central Bank of Brazil (SY:BCB) and its handling of the Banco Master (SY:MASTER) liquidation, finding no reservations or recommendations regarding the regulator's conduct. This finding, concluded on February 11, 2026, clears the regulator in a high-profile liquidation that has prompted unusual audit-court involvement and significant judicial measures in Brazil BRBR. The completion of this review marks an official clearance of the central bank's actions during the wind-down process.
A security guard holds a fence as people leave Banco Master following the arrest of the controlling shareholder of the lender, businessman Daniel Vorcaro, in Sao Paulo, Brazil, November 18, 2025. REUTERS/ Amanda Perobelli/File Photo
A security guard holds a fence as people leave Banco Master following the arrest of the controlling shareholder of the lender, businessman Daniel Vorcaro, in Sao Paulo, Brazil, November 18, 2025. REUTERS/ Amanda Perobelli/File Photo
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