Regulatory Alerts2021-10-27
Instruction No. 22/2021 of 27 October
The National Bank of Angola issued Instruction No. 22/2021 to establish prudential requirements for banking financial institutions to measure and report interest rate risk in the banking book. Institutions must submit standardized 2% parallel yield curve shock scenarios to the central bank by the end of the month following each quarter, detailing quantitative exposures and qualitative assumptions regarding loan prepayments and deposit maturities. Non-compliance triggers corrective measures, including mandatory capital increases or portfolio adjustments, with full compliance required by December 2021 and consolidated reporting transitioning to a quarterly basis by September 2022.
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