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Central Bank favours new rules for bailing-out banks

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Ilan Goldfajn, Brazil's Central Bank chairman

Brazil’s Central Bank governor Ilan Goldfajn  said he is in favour of a bill allowing the government to partially participate in bailing-out operations of banks in difficult situation as a tool to strengthening the financial sector.

“We must have a plan for such occasions. If we don‘t, you all know who’s paying the bill,” said Mr. Goldfajn during an audience (Oct.10) at the Senate’s economic affairs that

The new rules would address long-standing demands from Brazilian banks, to bring the national regulatory framework closer to that of major developed and other emerging economies.