The Brazilian central bank faces judicial review due to a banking clearing case.

The Central Bank of Brazil is facing unprecedented judicial scrutiny due to the resolution to liquidate the shares of Banco Maister Bank. This rare judicial intervention event may weaken the legal certainty of the Central Bank's regulatory decisions. The Federal Supreme Court and the Federal Court of Auditors of Brazil are both requesting detailed explanations from the Central Bank regarding this measure, and have requested the submission of relevant documents within a deadline.