US EditionBrazil's Haddad proposes expanding central bank oversight to investment funds
Minister Fernando Haddad seeks to centralize investment fund supervision under the central bank amid probes into Banco Master's complex fund structures, aiming to enhance regulatory oversight.
7 Articles
7 Articles
Brazil's Haddad proposes expanding central bank oversight to investment funds
Brazil's Finance Minister Fernando Haddad has proposed expanding the central bank's regulatory mandate to allow it to supervise investment funds, a role currently assigned to securities regulator CVM.
According to the minister, many of the CVM's responsibilities should belong to the Central Bank, such as the oversight of funds.
The proposal by Fazenda Minister Fernando Haddad to transfer the regulation or the CVM investment funds (Commission or securities of Rios) to the Central Bank, which was presented as a gift to "make breaks" in the case of the Master Bank, tends to make a mistake. Braziln is the failure of the regulation or regulation; it has a set of rules or imbalances, with a broad metric meter and calls for weak rivers to distinguish what really deserves the …
Fazenda's minister, Fernando Haddad, presented a proposal to the Government to transfer the CVM to the Central Bank for regulation and taxation of investment funds. “There is a lot to be in the context of the CVM which is in my opinion, wrongly” Haddad said in an interview to the UOL. For the Minister, the Central Bank “must expand its regulatory perimeter and pass through the funds, because there is a very large interaction between funds and fu…
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