Regulatory Alerts2016-06-16
Notice No. 03/2016 of June 16: Regulatory Capital Requirements for Credit Risk and Counterparty Credit Risk
The Bank of Angola issued Notice No. 03/2016 to establish regulatory capital requirements for credit risk and counterparty credit risk for supervised financial institutions. The notice defines key terms, mandates the calculation of capital requirements across specific risk classes excluding the trading book, and specifies application on both individual and consolidated bases. It further regulates the use of external credit rating agencies, reporting obligations, and enforcement mechanisms for non-compliance.
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