Amendment Presented by Ciro Nogueira to Expand FGC Coverage Was Written by Master's Advisors, Says Federal Police.

Poder360

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Senator Ciro Nogueira (PP-PI) presented Amendment 11 to Constitutional Amendment Proposal (PEC) 65 of 2025 on August 13, 2024, which deals with the autonomy of the Central Bank of Brazil. The text proposed raising the coverage limit of the FGC (Credit Guarantee Fund) from R$ 250,000 to R$ 1 million. Read the full text (PDF – 385 kB). The congressman argued that exclusively private funds may be insufficient during financial crises. The amendment …

Folha de S.Paulo

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Before Daniel Vorcaro's bank succumbed, the "amendment Master" was seen by the institution as a possible alternative to survival. Read more (05/07/2026

UOL

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