BCB is a governmental institution, composed mainly of career civil servants hired rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. They answer to the government, not a political party.
The Complementary Law No. 179/2021 defines a four-year term for the nine members of the BCB’s Board of Governors that does not coincide with the term of office of the President of the Republic, as well as establishes the rules for the dismissal of the Board’s members.
The personal information and the information related to the operation (value etc.) transmitted in Pix is protected by banking secrecy, as governed in Complementary Law 105, and in the provisions of the General Data Protection Law.
All transactions take place through digitally signed messages that travel in encrypted form.
Ever notice how the US government was set up as a group of competing powers? Or how parliamentary systems have similar competition between parties, a senate, and the monarchy or wtvr? It’s almost like you can’t trust any one group with power no matter where they derive their power from.
BCB is a governmental institution, composed mainly of career civil servants hired rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. They answer to the government, not a political party.
The Complementary Law No. 179/2021 defines a four-year term for the nine members of the BCB’s Board of Governors that does not coincide with the term of office of the President of the Republic, as well as establishes the rules for the dismissal of the Board’s members.
The personal information and the information related to the operation (value etc.) transmitted in Pix is protected by banking secrecy, as governed in Complementary Law 105, and in the provisions of the General Data Protection Law.
All transactions take place through digitally signed messages that travel in encrypted form.