Who Controls Financial Institutions Mergers?

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Who Controls Financial Institutions Mergers?

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The Conflict of Attributions between CENTRAL BANK and CADE Regarding Concentrations in the Financial Sector Late in 2001, news about the existence of a dispute between CADE and the Central Bank have taken the specialized sections of the country’s main newspapers. CADE is the federal agency that has the last word in respect of competition defense matters in Brazil, with regard to both mergers and acquisitions and the analysis of conducts questioned under the Brazilian antitrust law (Law 8884/94). Central Bank, in its turn, is in charge of applying the legislation about financial matters, implementing the policy establishe…