Financial stability committees issue updates in Angola and Brazil

Financial stability committees in Angola and Brazil have released updates regarding their respective banking sectors and macroprudential policies.

In Angola, the Financial Stability Committee (CEF) decided to maintain current macroprudential measures. This includes keeping the Capital Conservation Buffer at 2.50% and the Countercyclical Capital Buffer at 0% for all banking institutions. The committee noted that the national financial system showed resilience during the second quarter, supported by robust capital, liquidity, and profitability. Additionally, the National Bank of Angola's action plan for implementing the 2025 Financial Sector Assessment Program (FSAP) was approved.

In Brazil, the Central Bank expressed concern regarding investment structures involving multiple layers of funds, such as Receivables Investment Funds (FIDCs). The authority noted that these complex structures increase opacity and make it difficult to assess and map risks. While the capital market has slowed, it continues to grow at a faster rate than bank credit, with instruments like debentures and FIDCs maintaining significant growth.