Autonomous central bank defended by Fraga

BRAZIL - Central Bank president Arminio Fraga emphasized the importance of three items among those that depend on the regulation of article 192 of the Constitution of 1988, which deals with the national financial system.

According to him, the three priority items are the autonomy of the Central Bank, the creation of an agency to supervise the capital market, and new rules for the extrajudicial liquidation of financial institutions.

According to Fraga, the possibility of handling each issue cont