Regulatory Alerts2016-08-08
Instruction No. 15/2016 of August 8 on Information Provision Regarding Own Funds Requirements for Market Risk and Counterparty Credit Risk in the Trading Book
The Bank of Angola issued Instruction No. 15/2016 to mandate financial institutions to report data on own funds requirements for market risk and counterparty credit risk in the trading book. Institutions must submit individual reports monthly and consolidated reports quarterly using specified annexed forms, while parent companies must also provide consolidated information based on prudential supervision perimeter. Non-compliance with these mandatory norms constitutes an offense punishable under the Basic Law of Financial Institutions.
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