Regulatory Alerts2016-11-16
Instruction No. 25/2016 of November 16 on Credit Risk Governance
The National Bank of Angola issued Instruction No. 25/2016 to establish comprehensive governance, identification, assessment, monitoring, and reporting requirements for credit risk within financial institutions. The directive mandates strict organizational hierarchies, independent risk management functions, and robust internal control systems to ensure prudent credit granting and concentration risk mitigation. It further requires institutions to implement rigorous stress testing, limit systems, and transparent internal and external reporting mechanisms to maintain financial stability.
Share