The Brazilian economy has recently been attempting to create a more transparent and regulated banking system featuring compliance rules for those operating under the supervision of the Central Bank of Brazil. Legal and marketing expert, Bruno Fagali has recently been giving his view on what the new compliance regulations will mean for banking institutions developing their own compliance regulations to bring them into line with the requirements of the Central Bank of Brazil. Compliance regulations are designed to halt a series of problems the Central Bank of Brazil believes could be avoided if every institution follows the compliance regulations introduced earlier this year.
Bruno Fagali has been a well-known figure in the marketing and law sectors of Brazil after completing his Master’s Degree in Law; Fagali has been praised as an expert in compliance law after he took up the role of coordinator of the Ethics and Advertising Agencies Commission with the Brazilian Institute of Business Law and Ethics. An expert in a range of different legal areas, Bruno Fagali has become well-known as an expert in the anti-corruption, legal ethics, and advertising law sectors. Marketing has become an area of interest for Bruno Fagali as he now works as the Corporate Integrity Manager of the Brazilian advertising giant, Nova/SB.
Among the areas of the compliance regulations introduced by the Central Bank of Brazil which have been praised by Bruno Fagali is the need to clearly define the roles and responsibilities of all directors and executives within the articles of compliance created by a financial institution. One problem Bruno Fagali hopes will be addressed by the new compliance regulations is the conflict of interests, Bruno Fagali believes have caused issues and stunted the global nature of the Brazilian financial industry. In keeping the documentation required by the Central Bank of Brazil for a minimum of five years, Bruno Fagali believes the role of financial executives will remain clearly defined to avoid many of the issues he has seen in the Brazilian financial industry for a number of years. Learn more:http://www.jusbrasil.com.br/topicos/33040264/bruno-jorge-fagali