Regulatory Alerts2022-04-05
Instruction No. 03/2022 of 29 March
The National Bank of Angola issued Instruction No. 03/2022 to regulate the processes, methodologies and organizational requirements for stress tests that Banking Financial Institutions must implement under capital adequacy and risk management frameworks. The directive mandates institutions to establish comprehensive stress test programs covering governance, data infrastructure, scenario selection, and interconnections between solvency and liquidity assessments, while requiring semi-annual and annual reporting on individual and consolidated bases. Non-compliance triggers administrative sanctions, with full conformity required within 90 days of publication, and all conflicting prior regulations explicitly revoked.
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