Regulatory Alerts2018-07-17
Directive No. 05-DMA-DRO-2018, of July 18
The Banco Nacional de Angola, through its Asset Markets and Financial System Regulation departments, establishes access requirements for banking financial institutions to utilize the Permanent Facility for Overnight Liquidity Provision (FCO). The directive caps institutional exposure per operation at 25% of Regulatory Own Funds and 100% of eligible portfolio securities, provided the total securities portfolio does not exceed 60% of Assets. It further empowers the central bank to adjust access conditions, suspend the facility, set quarterly maximum liquidity uptake amounts, and officially revokes Directive No. 03/DRO/DMA/16 upon publication.
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