Regulatory Alerts2016-08-08
Instruction No. 13/2016 of August 8 on the Provision of Information Regarding Regulatory Capital Requirements for Credit Risk and Counterparty Credit Risk
The Bank of Angola issued Instruction No. 13/2016 to regulate the submission of information by financial institutions regarding regulatory capital requirements for credit risk and counterparty credit risk, as mandated by Notice No. 03/2016. Financial institutions are required to submit individual reports monthly and consolidated reports quarterly using specified forms and notes, with parent companies responsible for consolidated reporting. Non-compliance with these mandatory provisions constitutes an offense punishable under the Basic Law of Financial Institutions.
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