See which vacancies are open on the board of the Central Bank – 03/21/2023 – Market

In the organizational chart of the Central Bank (BC), below the presidency, currently occupied by Roberto Campos Neto, there are 8 boards, of which 2 are waiting for indications of new names. They are the Monetary Policy and Oversight directorates, whose mandates for the current directors expired on February 28th.

According to the BC’s timetable, the next mandates to expire are Fernanda Guardado, director of International Affairs and Corporate Risk Management, and Mauricio Moura, director of Relationship, Citizenship and Conduct Supervision —both on December 31 of this year.

See the calendar below:

Name	Office	end of term
Bruno Serra	Monetary Policy Director	02/08/2023
Paulo Souza	Inspection Director	02/28/2023
Fernanda Guardado	Director of International Affairs and Corporate Risk Management	12/31/2023
Mauricio Moura	Relationship, Citizenship and Conduct Supervision Director	12/31/2023
Otavio Damaso	Director of Regulation	12/31/2024
Carolina de Assis Barros	Director of Administration	12/31/2024
Roberto Campos Neto	president	12/31/2024
Renato Dias de Brito Gomes	Financial System Organization and Resolution Director	12/31/2025
Diogo Guillen	Director of Economic Policy	12/31/2025

In December of next year, the mandates of Campos Neto, the director of Regulation, Otavio Damaso, and the director of Administration, Carolina de Assis Barros, end.

The BC autonomy law, approved in 2021, determines fixed four-year terms for the president and the directors of the autarchy, which can be renewed only once and do not coincide with that of the President of the Republic.

According to the legislation, it is up to the President of the Republic to indicate the names of directors.

Subsequently, they undergo a sabbatical at the Federal Senate. The head of the municipality may designate a different directorate than the one for which a name was originally nominated by the president.

The formalization of who will assume the presidency of the CAE (Economic Affairs Commission) also weighs on the next steps of the discussion.

The strongest argument in favor of the management model is based on the fact that the fixed mandate aims to shield the BC from political interference.

The initial idea of ​​the Lula government was to discuss the choice with Campos Neto, who, in turn, expected to make a decision in consensus with the Lula administration.