Company Overview of Banco Central do Brasil
Banco Central do Brasil operates as an autonomous federal government institution that forms part of the National Financial System. The company performs various functions of the government bank, including controlling foreign trade operations; executing foreign exchange operations on behalf of public sector enterprises and the National Treasury; executing the rules set forth by the Currency and Credit Superintendence (SUMOC), as well as the Bank for Agricultural, Industrial, and Commercial Credit; and receiving reserve requirements and voluntary deposits of commercial banks. It also operates as a currency issuing bank and the government’s financial agent. The company was founded in 1964 and is...
Setor Bancário Sul
Brasilia, DF 70074-900
Founded in 1964
Key Executives for Banco Central do Brasil
Head of Accounting and Financial Department
Head of International Affairs and Risk Management
Compensation as of Fiscal Year 2014.
Banco Central do Brasil Key Developments
Central Bank Promotes Angela M. Friesz and Philip C. Rochester to Assistant Vice Presidents, Retail Banking
May 11 15
Central Bank announced that Angela M. Friesz and Philip C. Rochester have been promoted to assistant vice presidents, retail banking.
Argentine Judge Rejects Citibank Injunction Against CEO Suspension
Apr 20 15
A federal judge in Argentina has thrown out an injunction plea by Citigroup Inc.'s local Citibank NA unit against the central bank's decision to suspend its CEO, Gabriel Ribisich, from his duties. In her decision, Judge Claudia Rodríguez Vidal cited the "general nature and imprecision" of Citibank's request, arguing that the bank failed to demonstrate that its normal functioning would be threatened by the suspension. On April 1, the central bank said it would no longer allow Ribisich to represent the bank, accusing him of breaking Argentine law by taking part in a deal between Citibank's parent, Citigroup, and U.S. vulture funds suing Argentina over its defaulted bonds. In addition to Citibank's appeal, Ribisich's lawyers have filed their own suit, alleging that the decision is an "illegitimate and arbitrary violation" of his right to work at Citibank.
Tony Volpon to Join as Deputy-Governor of Central Bank of Brazil
Apr 16 15
Nomura confirmed that Tony Volpon, managing director and head of emerging markets research for the americas, will join the Central Bank of Brazil as deputy-governor in charge of International Affairs. Mr. Volpon joined Nomura's Fixed Income research team in September 2009 with a specific focus on Brazil and Latin America. Benito Berber, executive director, assumed Mr. Volpon's coverage duties when the BCB nomination was announced.
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