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The Bank
Mission and Objective
History
Constitution
Organic Law
BCV’s Organizational Structure
Organizational Chart
Legislation
International Relations
Deposit Guarantee Fund
Financing Model
Participating Institutions
Organizational Structure and Operation
Legislation
Annual Report and Accounts
Communiqués
Press room
Communiqués
Board Deliberations
News
Announcements
Organizational Communication Office’s Contacts
BCV’s Strategic Plan 2016-2019
Speeches
Governor
Directors
Monetary Policy
Monetary Policy Objectives
Monetary Policy Strategy
Monetary Policy Implementation
Operational Framework for Monetary Policy
Open Market Operations
Standing Facilities
Reserve Requirement
Interbank Money Market
Interest Rates
Government Securities
Monetary Policy Committee
Monetary Policy Reports
Central Bank Securities
Currency Exchange
Reserve Requirement
Supervision
Macroprudential Supervision
Microprudential Supervision
Banks and Other Financial Institutions
Insurance and Pension Funds
Microfinance
Capital Market
AGMVM
Communiqués and Administrative Offenses
Information Dissemination System
Treasury Securities
Legislation and Regulation
Publications
Investor Area
Market Conduct Supervision and Public Services
Market Conduct Supervision and Public Services
Prices - Financial Institutions
Market Conduct Supervision Legislation
Reports
Financial Education
Public Services
Money Laundering and Terrorism Financing Prevention
Duties of Banco de Cabo Verde
List of Sanctions
GIABA
ML / TF Risk Assessment in Cabo Verde
Supervised Institutions
Authorized Institutions
Unauthorized Activities
Decisions and Administrative Offenses
Statistics and Publications
Statistics
Key Macroeconomic Indicators
National Accounts
Inflation
Monetary and Financial
Foreign Exchange Statistics
External Sector
Public Finance
Publications
Reports
Statistical Bulletin
Economic and Financial Indicators Bulletin
20-year Statistical Bulletin
Economic Bulletins
Assets and Financial Position
Banco de Cabo Verde's Chart of Accounts
Financial Education Notebooks
Working Papers
E-Newsletter Biblioteca
Arquivo (Boletim Económico; Programação Monetária)
Macroeconomic Monitoring Unit Reports
Long Series and Compilations
Long Series
Compilations
Historical Series and Publications
Historical Series
Historical Publications
Calendar of Publications
Payment System
Description
Integrated Interbank Clearing and Settlement System (SICIL)
Payment Means and Instruments
Cards
Checks
Bank Transfers
Statistics
Legislation
Payment System Report
Notebooks
Bank Holidays
Banco de Cabo Verde's Oversight Policy
Banknotes and Coins
Banknotes
Banknote Handling
Exchange and Valuation of Banknotes
Notes Withdrawn from Circulation
Security Features
Coins
Commemorative Coins
Currencies
Numismatic Items and Medals
Banknote Refund
Banknotes and Coins Statistics
Counterfeit/Forgery Prevention
Frequently asked questions
Publications
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The Bank
Mission and Objective
History
Constitution
Organic Law
BCV’s Organizational Structure
Organizational Chart
Legislation
International Relations
Deposit Guarantee Fund
Financing Model
Participating Institutions
Organizational Structure and Operation
Legislation
Annual Report and Accounts
Communiqués
Press room
Communiqués
Board Deliberations
News
Announcements
Organizational Communication Office’s Contacts
BCV’s Strategic Plan 2016-2019
Speeches
Governor
Directors
Monetary Policy
Monetary Policy Objectives
Monetary Policy Strategy
Monetary Policy Implementation
Operational Framework for Monetary Policy
Open Market Operations
Standing Facilities
Reserve Requirement
Interbank Money Market
Interest Rates
Government Securities
Monetary Policy Committee
Monetary Policy Reports
Central Bank Securities
Currency Exchange
Reserve Requirement
Supervision
Macroprudential Supervision
Microprudential Supervision
Banks and Other Financial Institutions
Insurance and Pension Funds
Microfinance
Capital Market
AGMVM
Communiqués and Administrative Offenses
Information Dissemination System
Treasury Securities
Legislation and Regulation
Publications
Investor Area
Market Conduct Supervision and Public Services
Market Conduct Supervision and Public Services
Prices - Financial Institutions
Market Conduct Supervision Legislation
Reports
Financial Education
Public Services
Money Laundering and Terrorism Financing Prevention
Duties of Banco de Cabo Verde
List of Sanctions
GIABA
ML / TF Risk Assessment in Cabo Verde
Supervised Institutions
Authorized Institutions
Unauthorized Activities
Decisions and Administrative Offenses
Statistics and Publications
Statistics
Key Macroeconomic Indicators
National Accounts
Inflation
Monetary and Financial
Foreign Exchange Statistics
External Sector
Public Finance
Publications
Reports
Statistical Bulletin
Economic and Financial Indicators Bulletin
20-year Statistical Bulletin
Economic Bulletins
Assets and Financial Position
Banco de Cabo Verde's Chart of Accounts
Financial Education Notebooks
Working Papers
E-Newsletter Biblioteca
Arquivo (Boletim Económico; Programação Monetária)
Macroeconomic Monitoring Unit Reports
Long Series and Compilations
Long Series
Compilations
Historical Series and Publications
Historical Series
Historical Publications
Calendar of Publications
Payment System
Description
Integrated Interbank Clearing and Settlement System (SICIL)
Payment Means and Instruments
Cards
Checks
Bank Transfers
Statistics
Legislation
Payment System Report
Notebooks
Bank Holidays
Banco de Cabo Verde's Oversight Policy
Banknotes and Coins
Banknotes
Banknote Handling
Exchange and Valuation of Banknotes
Notes Withdrawn from Circulation
Security Features
Coins
Commemorative Coins
Currencies
Numismatic Items and Medals
Banknote Refund
Banknotes and Coins Statistics
Counterfeit/Forgery Prevention
Frequently asked questions
Publications
Homepage
English
Supervision
Microprudential Supervision
Insurance and Pension Funds
Insurance and Pension Funds
Insurance
As part of microprudential supervision, Banco de Cabo Verde is responsible for supervising and regulating insurance, reinsurance and insurance brokerage activities, establishing prudential, accounting and financial rules that those institutions must observe when operating in the financial sector. More information can be found below.
Pension Funds
As part of microprudential supervision, Banco de Cabo Verde is responsible for supervising and regulating pension funds, promoting the establishment, review and disclosure of prudential, accounting and financial rules, as well as guidelines and policies that pension fund management companies they are required to observe when they operate in the financial sector.
Also, in the area of regulation, authorization and registration, Banco de Cabo Verde is responsible for ruling on authorization applications for setting up, amendments to articles of association and the internal control system of pension fund management companies.
In terms of monitoring, among other duties, the bank is responsible for ensuring the maintenance of an appropriate balance between such companies’ risk profile and prudential indicators, by assessing their financial position and operational risks, as well as establishing measures and taking the actions that are necessary to achieve that objective.