Regulatory Alerts2018-07-11
Directive No. 03-DRO-DSI-2018 of 12 July
The National Bank of Angola issued Directive No. 03-DRO-DSI-2018 to mandate financial institutions under its supervision to implement a comprehensive stress testing program for identifying material risks and assessing solvency and liquidity adequacy. The directive requires institutions to conduct sensitivity, scenario, and reverse stress tests aligned with macroeconomic expectations and specific risk factors, while establishing standardized methodologies, data validation processes, and reporting timelines. Non-compliance with these mandatory provisions constitutes an offense punishable under the Law of the Bases of Financial Institutions, with the central bank retaining authority to resolve interpretative disputes.
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