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Jul 01, 2019 - The Banker

Just at the time when leaked phone conversations raised doubts over the integrity of Brazil's Car Wash investigation into corruption, and far-right president Jair Bolsonaro threatened national development bank head Joaquim Levy over the appointment of a senior staffer previously linked to the rival Workers Party, the country's central bank unveiled plans to modernise its financial sector.

At the end of May 2019, the Central Bank of Brazil released action points aimed at improving financial...