As they involve the application and use of public money, both the investment policies of the Brazilian National Development Bank (BNDES) and the credit and capital markets operations of the pension funds of state-owned companies are monitored by the Federal Court of Accounts.

We provide market leading advice to a range of clients in this sector including private banks, companies that receive financing from BNDES and also pension fund administrators in particular in relation to proceedings before the Federal Court of Accounts.