Regulatory Alerts2021-09-27
Instructive No. 13/2021: Calculation and Requirement of Regulatory Own Funds for Operational Risk
The Bank of Angola issued Instructive No. 13/2021 to establish the regulatory own-funds calculation methods for operational risk, mandating Banking Financial Institutions to adopt either the Basic Indicator Approach, Standard Approach, or Alternative Standard Approach based on specific technical conditions. The regulation requires quarterly individual and consolidated information reporting through designated forms, with transitional compliance deadlines set for December 2021 and September 2022. Non-compliance triggers sanctions under the General Regime for Financial Institutions Act, while prior conflicting regulations are explicitly revoked to ensure a unified prudential framework.
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