Regulatory Alerts2014-12-10
Notice No. 10/2014 on Guarantees for Prudential Purposes
The National Bank of Angola issued Notice No. 10/2014 to define the eligibility criteria and prudential treatment of guarantees and guarantors for supervised financial institutions. The regulation requires that all accepted guarantees be unconditional, legally binding across relevant jurisdictions, and directly enforceable, while guarantors must demonstrate full legal capacity and operate in jurisdictions without judicial or capital export barriers. It further delineates eligible real collateral categories, mandates rigorous valuation and marketability standards for securities and real estate, and subjects related-party guarantees exceeding 10% of regulatory capital to prior National Bank approval.
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