The Credit Guarantee Fund (FGC) in Brazil is anticipated to incur expenses of approximately R$ 51.8 billion due to the extrajudicial liquidation of Master, Will Bank, and Banco Pleno. This figure is based on estimates from the fund itself, highlighting the significant impact these bank failures are having on the financial ecosystem and the fund's resources. The FGC operates as a private, non-profit organization that plays a critical role in maintaining the stability of the national banking system and protecting depositors and investors from financial losses during crises.

Specifically, for clients and investors associated with Banco Master, the FGC is projected to disburse around R$ 40.6 billion in guarantees. This substantial amount indicates the depth of the crisis the bank faced and the extensive liabilities it had accrued to its depositors. In the case of Will Bank, the situation is more complex as the list of creditors has not yet been fully established, making it difficult to provide an accurate estimate of the total liabilities and subsequent payouts that the FGC will face.

The ramifications of these liquidations extend beyond just financial figures; they also raise concerns regarding the overall health of Brazil's banking system and the measures in place to safeguard depositors. The predicted shortfall in the FGC could provoke discussions on potential reforms or additional funding mechanisms required to ensure such crises do not destabilize the financial system further in the future.