Regulatory Alerts2021-07-06
Instruction No. 10/2021, of July 7
The National Bank of Angola issued Instruction No. 10/2021 to mandate Banking Financial Institutions under its supervision to implement and maintain a robust Internal Capital Adequacy Assessment Process (ICAAP). The directive requires institutions to continuously assess, document, and report their internal capital levels against material risks through forward-looking strategies, stress testing, and formalized governance structures. It establishes detailed reporting deadlines, supervisory review procedures, and corrective measures to ensure capital adequacy aligns with each institution's risk profile and systemic importance.
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