TCU initiates investigation into Campos Neto's statement advocating outsourcing of BC asset management

The next step is for the technical team of the court to provide information to Minister Benjamin Zymler, the case's rapporteur
247 - The Federal Court of Accounts (TCU) has opened a preliminary investigation into the statements made by the President of the Central Bank, Roberto Campos Neto, regarding the possibility of outsourcing the management of assets of the Central Bank, including the country's international reserves. Campos Neto made these statements to the investment management firm BlackRock. The next step is for the technical team of the court to prepare reports and submit them to Minister Benjamin Zymler, who is the rapporteur and will be responsible for making a decision on the investigations. The information was reported on Monday (24) by journalist Camila Bomfim from GloboNews.After a request made by Prosecutor Lucas Furtado from the Public Prosecutor's Office (MPTCU) to the Federal Court of Accounts (TCU), the court will "investigate the indications of irregularities regarding the interest of the current President of the Central Bank, Mr. Roberto Campos Neto, in outsourcing the management of assets of the Central Bank, especially concerning the administration of Brazil's international reserves; urgently request the necessary explanations from Mr. Roberto Campos Neto regarding the statements made aiming at transparency and stability of the Brazilian monetary policy."In his representation, the prosecutor stated that "given all the risks involved, in my opinion, it is unacceptable to outsource the management of assets of the Central Bank, especially concerning the administration of Brazil's international reserves." "This possibility, therefore, requires the obligatory and immediate action of the Federal Court of Accounts to determine a detailed and thorough investigation of the facts," he said.