Regulatory Alerts2023-07-24
Instruction No. 07/2023 of 14 July: Financial System - Calculation and Regulatory Capital Requirement for Credit Risk and Counterparty Credit Risk and Corresponding Periodic Reporting
The National Bank of Angola mandates that all supervised Banking Financial Institutions calculate their regulatory capital requirements for credit and counterparty credit risk using standardized risk classes, external credit ratings, and specified risk-weighting factors as detailed in this Instruction. Institutions must submit quarterly individual and consolidated reports using prescribed templates, with transitional reporting schedules applying until August and September 2022. Compliance with the new capital calculation methodology and risk weight adjustments for non-national currency exposures is required by 31 December 2021, with full alignment to the updated framework mandatory from 1 January 2025.
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