The announcement was made by the central bank governor at the Money Conference in Lisbon, stating that this is a new regulation that will repeal the 2008 notice, adapting the rules in the light of new European legislation at a time when major banks are required to improve internal governance, risk management, data collection, reporting and internal audit.

According to the governor, banks that do not make improvements will have an effect on their capital requirements, that is, he said, "capital requirements reflect the shortcomings of governance."