Regulatory Alerts2016-06-22
Notice No. 05/2016 of June 22: Regulatory Capital Requirement for Operational Risk
The Bank of Angola issued Notice No. 05/2016 to establish the regulatory capital requirements that financial institutions must hold to cover operational risk. The notice defines operational risk, including compliance and information system risks, and mandates calculation using the basic indicator, standard, or alternative approaches as detailed in specific instructional guidelines. It further outlines rules for consolidated calculation, reporting structures, transitional provisions, and sanctions for non-compliance.
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