On Tuesday, October 10, the Brazilian Senate's Economic Affairs Commission (CAE) moved forward with the approval of invitations for former banker Daniel Vorcaro, owner of Banco Master, and his ex-partner Augusto Lima, to clarify details surrounding the banking institution's liquidation. This decision follows the Central Bank's mandate for the bank's liquidation in November 2025. The commission has also formed a task force to oversee investigations into multiple aspects of this case, indicating the potential complexity and seriousness of the situation.

In addition to Vorcaro and Lima, the CAE has extended invitations to several notable figures, including the president of the Court of Accounts of the Union (TCU), Minister Vital do Rêgo, and several high-ranking officials from the Federal Police and the Central Bank. This broad outreach suggests a thorough examination of the circumstances that led to Banco Master's liquidation. A total of at least 19 requests have been approved, indicating a proactive stance by the committee in seeking transparency and accountability in this financial crisis.

The formation of a dedicated task force further highlights the importance of the investigation, as it aims to understand the intricacies of the situation involving Banco Master. With multiple authorities involved in the inquiry, the developments from this committee could hold significant implications for Brazil's banking regulations and oversight in preventing future financial failures. The scrutiny of the invited officials will likely contribute to a deeper understanding of the institutional failures that led to the current scenario and address the broader concerns regarding financial governance in the country.