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Febraban chief Isaac Sidney defended Vorcaro to central bank, messages show

Original: isaac sidney

Isaac Sidney, president of Brazilian banking association Febraban, is facing attention after leaked messages showed he defended Daniel Vorcaro, the former owner of Banco Master, before the Central Bank. The exchange is fueling debate over the closeness between the banking sector's main lobby and regulators amid the fallout from Banco Master's collapse.

Why now: Leaked messages suggest the head of Brazil's main banking lobby personally intervened with regulators on behalf of Vorcaro.

Isaac SidneyFebrabanDaniel VorcaroBanco MasterBanco Central do Brasil

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