Regulatory Alerts2021-07-04
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Notice No. 08/2021 of 5 July
The Banco Nacional de Angola issued Notice No. 08/2021 to align Angola's financial system prudential rules with international standards, establishing uniform requirements for own funds, large exposure limits, liquidity, reporting, and risk governance for banking financial institutions. The regulation defines comprehensive terminology, outlines individual and consolidated supervision frameworks, and specifies conditions for exemptions and perimeter expansions to ensure adequate capital distribution and systemic stability. It mandates strict risk appetite, concentration limits, and capital buffers, including conservation and countercyclical reserves, to safeguard solvency, liquidity, and transparency across the regulated sector.
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