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The Banco Master scandal dramatically highlighted the obsolescence of Brazil's financial regulatory framework, revealing a complex pyramid scheme operated by Daniel Vorcaro's conglomerate that exploited regulatory gaps and institutional weaknesses, involving 216 investment funds and 143 interconnected companies, leading to serious failures by the Comissão de Valores Mobiliários (CVM) and the Banco Central (BC) in oversight and governance. #BankingRegulation #FinancialScandal #FraudPrevention

Master mostrou fragilidades a corrigir no BC e na CVM - 27/04/2026 - Opinião - Folha
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Reuters Apr 27

India's central bank is discussing potential cybersecurity risks associated with Anthropic's new AI model, Mythos, with global regulators and local banks, while also seeking to establish guidelines for banks engaging with advanced AI technologies amidst concerns over data localization and vulnerabilities. #ArtificialIntelligence #Cybersecurity #BankingRegulations

India's central bank in talks with global regulators, banks to review Mythos risks, sources say