Roberto Campos Neto, the former President of the Central Bank of Brazil, recently stated his intentions of not returning to public service in the event that an opposition candidate wins the upcoming presidential elections. During an interview on the program Hot Market on CNN Brasil, Campos Neto emphasized his current focus on expanding Nubank's operations in the United States. His clear dismissal of any public sector return reflects his commitment to private financial services and strategy development in the international market.

Additionally, Campos Neto addressed the ongoing crisis surrounding Banco Master, which began during his tenure at the central bank. He highlighted the importance of reforming the current deposit guarantee model, which allows buyers of bank securities to overlook real risks in exchange for high interest rates. This existing framework encourages banks to take on risky assets to provide attractive returns to their clients without facing penalties for potential failures in their investment strategies.

Campos Neto's remarks underscore the broader implications of financial regulations in Brazil, especially in light of economic challenges that impact both the banking sector and consumer investments. His proposed changes to deposit guarantees aim to enhance accountability within financial institutions and mitigate the systemic risks posed by incentivized reckless investment practices, highlighting a significant dialogue on the future of Brazil's financial regulations amidst evolving political dynamics.