Regulatory Alerts2022-05-31
Notice No. 2/GBM/2022 of May 31: Recovery Plan Elements and Procedures
The Bank of Mozambique issued Notice No. 2/GBM/2022 to establish the mandatory informational elements and procedural requirements for recovery plans submitted by credit institutions. The regulation mandates that these plans include specific modules such as executive summaries, strategic analysis, and robust recovery strategies to restore capital and liquidity during severe financial stress. It further requires institutions to implement comprehensive indicator frameworks, governance structures, and communication plans to ensure timely detection of risks and effective plan execution.
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