The deputy governor of the Angolan National Reserve Bank (BNA), Antonio Andre lopes, Friday in Benguela, said that that the International financial crisis determined the starts of new reform on the supervision approach.
Speaking at the second meeting of the Central Reserve Banks of the Portuguese -speaking Countries Community ( CPLP), taking place in Benguela, Antonio Lopes, said that reform supervision, assumed a key role on the central banks management.
Antonio Lopes also said that 2008 financial crisis hit many financial institutions in countries economically strong and well structured.
The recent economic development continues showing that there is less hope on what many analysts have been prognosticating regarding to economic recovery.
Therefore, despite of some signs of recovery, the Europeans and North American economies were not able to achieve the level of growth noticed before the crisis and sovereign debt.
BNA official said again that in the internationalization context of economies and capital migration, the financial institutions incorporate for transnational financial groups, so the supervision has passed the cross-border lines, so that each one could make analysis to develop consolidating on supervision basis.
The Central Bank administrators from Angola, Portugal, Guinea Bissau, Mozambique , Cape Verde and Sao Tome and Principe are participating at the meeting from 12-13 September, except Brazil and East Timor.
The first meeting was held in November 2011, in Lisbon, Portugal.