Brazil Central Bank Appeals to Audit Court on Banco Master Case

Brazil’s central bank wants the board of the country’s Audit Court to rule on an inspection into its decision to liquidate troubled Banco Master SA, as legal pressures over the move mount.

The central bank appealed to the court’s board asking for it to make a decision on the probe, according to a document seen by Bloomberg News. The move is an attempt to fend off a unilateral decision from a single board member, Jhonatan de Jesus, who ordered an inquiry into the central bank’s handling of the Banco Master matter.

The monetary authority said the court’s internal rules ...