Regulatory Alerts2025-12-23
Circular Letter No. 03/2025 – Financial System: Standardization Guide for Criteria to Identify Critical Functions and Strategic Business Lines
The Banco Nacional de Angola issued Circular Letter No. 03/2025 to standardize criteria for identifying critical functions and strategic business lines across supervised Banking Financial Institutions. The Guide mandates a bottom-up assessment framework requiring institutions to evaluate market impact, contagion risks, substitutability, and financial relevance through granular, periodically updated tests. It establishes clear distinctions between externally focused critical functions essential for real economy stability and internally focused strategic business lines vital to institutional profitability, ensuring robust recovery and resolution planning.
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