Brazil · Banking & Regulation
Key Facts
—13 banks liquidated since 2025. Central bank president Gabriel Galipolo told the Senate on May 19 that Brazil’s regulator has wound down 13 financial institutions since 2025, a record run.
—The problem was the asset side, not the deposits. Galipolo said the Master issue was not its liabilities but how the captured money was used, funneled into low-quality, opaque assets.
—Master was a “third-division” bank. He stressed it posed no systemic risk, holding under 0.5% of the banking system’s total equity, but said the misuse of funds was alarming.
