Regulatory Alerts2022-04-05
Directive No. 02/DSB/DRO/2022
The Banco Nacional de Angola issued Directive No. 02/DSB/DRO/2022 to mandate standardized stress testing procedures for Angolan banking financial institutions. The directive requires institutions to conduct sensitivity analyses and report detailed results on credit, market, operational, and liquidity risks by December 31, using specified assumptions such as a 15% government bond devaluation, a 10 percentage point increase in public sector LGD, and a 1% operational loss shock. Compliance is mandatory under Law No. 14/21, with reporting due within 120 days and unresolved interpretive matters subject to the central bank's resolution.
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