Ver Angola

Banking and Insurance

BNA and Capital Market Commission want to avoid double supervision

The National Bank of Angola (BNA) and the Capital Market Commission (CMC) signed a memorandum of understanding in the field of supervision of banking financial institutions, aiming to mitigate possible dual supervision conflicts.


The instrument formally defines the guidelines for direct and indirect supervision actions, transfer of investment services and activities in securities and derivative instruments of banking financial institutions, with the aim of mitigating possible dual supervision conflicts.

According to the BNA, in a note released this Tuesday, the governor of the central bank, Manuel Tiago Dias, and the president of the CMC board of directors, Andreia Vanessa Simões, were the signatories of the memorandum.

Manuel Tiago Dias, cited in the note, considered that the celebrated protocol reinforces cooperation between both institutions and marks the evolution of the national financial system, "as greater protagonism is observed" of the Angolan Debt and Stock Exchange and the Distributing Companies of Securities.

The president of the CMC praised the signing of the agreement, highlighting the relevance of efficient supervision, "which guarantees the protection of investors, the integrity of the markets and the efficiency of the financial system".

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