Regulatory Alerts2025-03-14
Circular Letter No. 01/2025 – Angolan Financial System Sustainability Principles: Implementation Guide for Principle I on Promotion of Training and Knowledge
The Department of Regulation and Organization of the Financial System (Banco Nacional de Angola) issued Circular Letter No. 01/2025 to guide financial institutions in implementing the Angolan Financial System Sustainability Principles, specifically focusing on Principle I regarding training and knowledge. The circular mandates that institutions define critical functions, allocate adequate resources, and establish continuous, strategy-aligned sustainability training programs while collaborating with government, clients, and external experts to build sector-wide competencies. It further requires staff in critical roles to master climate-related financial risks, sustainable finance concepts, carbon footprint methodologies, and international regulatory frameworks to effectively support the transition to a low-carbon economy.