Banco Master ex-controller tells STF of regulatory pressure, BRB deal self-protection

Daniel Vorcaro, former controller of Banco Master, told Brazil's Supreme Federal Court (STF) he faced 'strong regulatory pressure' starting with the Lula administration's transition and that the BRB deal was to 'protect himself'. This is a legal testimony in an ongoing investigation, with claims unverified; it signals potential political interference in banking regulation.