The Brazilian Central Bank
June 19, 2020
These quarrels had appeared at the moment where they had been proposals changes that reached the normative agencies of Sistema Financeiro Nacional (SFN) composed for Conselho Monetrio Nacional (CMN), Brazilian Central Bank (BACEN) and Commission of Movable Values (CVM). The transformation in the Brazilian administrative apparatus, initiate in years 90 had, as main lines of direction established in the Managing Plan of the Reformation of Estado (PDRE): – To fortify the strategical, in charge nucleus of the formularization of public politics, integrated for the direct administration, who would be reduced by the allocation of functions in the other segments, Legislative beyond them and Judiciary; – To institute regulating agencies with new instruments of control for the exclusive activities, directed toward the fiscalization, regulation, collection and policy; – To foment the sprouting of independent social organizations for the sector of not exclusive activities, as education, the health, the culture, the research, the environment, activities that must be stimulated by the State, however, dispensable that manages it them directly; – To privatize sectors of activities that can be developed by the market, on to the production of goods and services. According to former-minister of the farm LUIZ CARLOS BRESSER PEAR TREE, the adoption of such measures corresponds to the reaction of the Brazilian State front to the institucional crisis and the globalization of the economy; ' ' The crisis of the State imposed the necessity to reconstruct it; the globalization, the imperative to redefine its functions. Before the world-wide integration of the markets, and the productive systems, the States could have as one of its basic objectives to protect the respective economies of the international competition. After the globalization very, the possibilities – and the desejabilidade – of the State to continue to exert this paper had diminished. Its new paper is to guarantee the universality of the services of basic education and of health, financing the formation of human capital, and to promote the competitiveness international of the companies.