Regulatory Alerts2021-07-06
Instruction No. 11/2021, dated July 7
The National Bank of Angola issued Instruction No. 11/2021 to mandate Banking Financial Institutions under its supervision to implement a robust Internal Liquidity Adequacy Assessment Process (ILAAP). The Instruction establishes minimum terms, definitions, and reporting obligations requiring institutions to identify, measure, manage, and monitor liquidity risks through forward-looking strategies, stress testing, and proportional quantitative reporting via the Financial Institutions Portal. Non-compliance triggers sanctions under Law No. 14/21, while the National Bank of Angola retains authority to interpret provisions, request model adjustments, and enforce document revisions.
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