TITLE: Brazil's Central Bank Converts Banco Master Múltiplo into Extrajudicial Liquidation
BODY:
On March 17, 2026, Brazil's Central Bank (BC) converted the Temporary Special Administration Regime (Regime de Administração Especial Temporária – RAET) of Banco Master Múltiplo S.A. into extrajudicial liquidation.
The RAET for Banco Master Múltiplo was initially decreed on November 18, 2025, via Presidential Act No. 1,370, with a 120-day duration set to expire on March 18, 2026. Banco Master Múltiplo is part of the Master Conglomerate and did not accept public deposits. It was placed under RAET to attempt to preserve the business continuity of its subsidiary, Will Financeira S.A. Crédito, Financiamento e Investimento (Will Financeira).
The administrator's report, submitted on March 12, 2026, indicated that following the extrajudicial liquidation of Will Financeira—decreed on January 21, 2026, via Presidential Act No. 1,376—there were no remaining grounds to continue the RAET of Banco Master Múltiplo. The Central Bank determined that the conversion to extrajudicial liquidation was therefore appropriate.
The Central Bank maintains asset indisponibility measures for controllers and administrators that were imposed under the RAET decree and continue under the extrajudicial liquidation. The Central Bank continues to pursue accountability measures within its legal authority regarding the circumstances that led to the administration of both institutions.
REFERENCES:
Central Bank of Brazil (BC) official announcement, March 17, 2026. Available at: https://www.bcb.gov.br/