The Federal Supreme Court has decided that the competence to judge mergers and acquisitions between banking institutions is exclusive to the Central Bank.

The issue was considered as an extraordinary appeal brought by the Administrative Council of Economic Defense (CADE), in which he claimed that as he acts as an antitrust authority, to the Central Bank to act only as a regulatory sector, both working in of the collectivity and principles governing economic order. "

The STF's decision confirmed a judgment by the Superior Court of Justice, responsible for the assessment of infraconstitutional matters, which removed the claims of CADE and defined that the monitoring of acts of concentration, acquisition or fusion of financial institutions is awarding the central bank .

Extraordinary feature nº 664.189