Regulatory Alerts2016-01-15
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Instruction No. 25/2016 of 16 November on Credit Risk Governance
The National Bank of Angola issued Instruction No. 25/2016 to establish comprehensive governance, identification, assessment, and monitoring requirements for credit risk within financial institutions. The directive mandates strict organizational hierarchies, independent decision-making processes, and robust internal controls to ensure prudent credit granting and portfolio management. It further requires institutions to implement rigorous stress testing, limit systems, and detailed internal and external reporting mechanisms to mitigate concentration risks and ensure financial stability.
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