Central banks from Portuguese language countries meet in Angola to debate oversight

13 September 2013

The second oversight meeting of central banks from the Community of Portuguese Language Countries (CPLP) is under way in the Angolan coast city of Benguela until Saturday, without the participation of Brazil and Guinea-Bissau, the Angop agency reports.

During the three-day meeting the participants will consider subjects such as European Union recognition of the equivalence of supervision in third countries, to be presented by the Bank of Portugal, while the National Bank of Angola will analyse the governance model and internal control in Angola and the contribution of education to financial stability.

The central banks of Mozambique and Cape Verde will respectively focus on management bodies’ responsibilities for determining and controlling risk management processes and policies, and on training strategy and financial information.

The gathering’s opening session was chaired by the vice-governor of the National Bank of Angola, António André Lopes, who said he hoped the meeting would help improve banking supervision in the CPLP countries.

The central banks of Angola, Cape Verde, East Timor, Mozambique, Portugal and São Tomé and Príncipe are represented at the meeting.

The first such meeting was held in November 2011 in Lisbon, Portugal. (macauhub)