Regulatory Alerts2013-09-18
Notice No. 4/GBM/2013, of September 18 - Establishes the Risk Management Guidelines, abbreviated as DGR
The Bank of Mozambique issued Notice No. 4/GBM/2013 to establish the Risk Management Guidelines (DGR), requiring all credit institutions and foreign branches operating in Mozambique to implement comprehensive risk management frameworks covering nine specific risk categories. The regulation mandates the submission of detailed Risk Management Programs within thirty days of publication and annually by March 31, while enforcing strict governance, measurement, control, and monitoring processes aligned with international best practices. It further establishes clear accountability for top management and administrative bodies, independent risk functions, internal controls, and contingency planning to ensure institutional resilience and harmonized supervisory oversight.