Our Partner Roberto Panucci was interviewed by Poder360 for a report that consolidates historical data on Central Bank interventions and the track record of the Fundo Garantidor de Créditos (FGC).
More than the volume of interventions, which have always been part of the system, the Banco Master case highlights a structural point: how a guarantee, when perceived as zero risk, can distort risk pricing at the time of the investment decision.
Outlier episodes strain the limits of the protection model and put topics such as incentives, guaranteed funding and the sustainability of the bank resolution system back at the center of the debate.
