Bankers Cheer End of Brazil Pension Saga (and Now Want More)
- Administrative reform, tax overhaul among wish list items
- Economy Minister has ambitious agenda to downsize the state
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Brazil’s top banking executives were unanimous in cheering the approval of a long-delayed pension overhaul -- and quick to line up what they think should be the government’s next priority.
With the top item on their wish list now crossed off after years of debates, bankers from Itau Unibanco Holding SA to Banco BTG Pactual SA are now championing reforms to the rules governing civil servants’ costly benefits, including changes to compensation, productivity metrics and dismissal policies.