In the second evaluation phase of the Project for the Convergence of the Regulatory Framework and the Prudential Supervision Standards for the banking sector, the BNA evaluated the "own funds and capital requirements, liquidity risk, capital reserves, market discipline and disclosures", among other valences.
According to a statement, the BNA concluded that the "development effort carried out in the Angolan Financial System can be considered as converging or largely converging with international benchmark practices".
Now follows, in phase three, the "application of new regulations, in the execution of the Review and Assessment Process by the Supervisor (SREP), including stress tests of the system and strengthening of interaction with strategic partners" , says the BNA.
According to the banking supervisor, the objective is the "convergence of regulation and supervision standards to best practices", an "essential step towards the stability and increasing integration of the Angolan financial system in the international financial context".
The high number of banks, the lack of equity and internal regulatory problems have been some of the problems identified in the Angolan banking system.
Three years ago, the BNA began a more rigorous assessment of the sector, imposing new ratios, internal regulations and greater transparency of processes, following international recommendations.
