When Brazilian bank holidays meet financial regulation

What gated communities can teach us about gaming the system.

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Brazil had three long holiday weekends in a row in April. The middle one found me with my family 75 kilometres outside São Paulo, spending a couple of nights at a house in an exclusive gated community. 

One half of the couple who rent the house is a senior private banker but – before there is any cry of corruption ahead of this year’s Awards for excellence decisions – my invitation had come by the way of his wife to mine: they have been friends since childhood, growing up in the same small town in the interior of the state.

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