The Senate's Economic Affairs Committee (CAE) in Brazil has officially rescheduled the in-person testimony of Daniel Vorcaro, the owner of Banco Master, to March 10, which was initially set for February 3. The delay was made at the request of Vorcaro's legal defense team, highlighting the ongoing legal proceedings surrounding the bank. This development suggests that Vorcaro is seeking to cooperate with the committee, albeit under more favorable timing for him.

On February 24, members of the CAE met with Supreme Federal Court Minister André Mendonça, who is overseeing the investigations related to the Master case. The discussions appear to have focused on clarifying the nature of the investigations and the committee's role in them. This collaboration between the Senate committee and the judicial system may indicate the seriousness with which the situation is being approached, reflecting broader concerns about banking regulations and accountability in Brazil.

Vorcaro's reluctance to appear before the Mixed Parliamentary Inquiry Committee (CPMI) related to the INSS (National Institute of Social Security) adds another layer of complexity to his situation. While acknowledging his desire to testify before the CAE, his avoidance of the CPMI signals that Vorcaro may be strategically navigating his legal obligations, possibly seeking to limit exposure to more rigorous scrutiny that the CPMI might entail. This scenario underscores the intricate dynamics of accountability in Brazilian corporate governance and the role of oversight institutions in the financial sector.