BC administrators will hoard positions until new names are appointed, says Galípolo | Finance

Thus, Picchetti continues to be director of international affairs and will also serve as director of economic policy, replacing Guillen.

Vivan is already exercising its current management of regulation and that of the organization of the financial system, where Gomes is located.

Asked about the profile of the future new leaders, Galípolo limited himself to saying that it is President Lula who will communicate it. “It is not up to the BC to come and talk about the president’s prerogative,” the BC head said during a press conference in Brasilia to detail the December Monetary Policy Report (MPR), released earlier.

According to Galípolo, the BC has tried and succeeded throughout this year to demonstrate that the monetary authority “has institutional strength.”

“How BC behaves, how Copom (Monetary Policy Committee) behaves, depends much more on the legal and institutional framework of BC than anything else,” he said.

Galípolo said that the opinion prepared by the Attorney General’s Office (AGU) on the draft amendment to the Constitution (PEC) which deals with the autonomy of British Columbia – and which maintains autarky as a public right – has the support of the presidency of the monetary authority.

“I mentioned there that there was a text developed by the AGU which included what development was possible on the basis of public law. I can announce today that this text has the support of the president of the Central Bank. He is ready to meet this requirement,” he said.

According to Galípolo, from the government’s point of view, the condition for the PEC to move forward was to reach a public law solution. The work now consists, according to him, of going “into the field” to discuss the text. “We intend to go to the field to debate together, with the support of the AGU, both in the Senate and with other ministers,” he said at a press conference for the Monetary Policy Report (MPR).