Morocco: Financial System Stability Assessment

February 8, 2016

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Format: Chicago

Morocco: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed December 22, 2024

Summary

This paper assesses financial sector vulnerabilities, the policy oversight framework, bank resolution, and financial safety nets. The assessment is intended to help Moroccan government identify key sources of systemic risk in the financial sector and implement policies to enhance its resilience to shocks and contagion. Since the 2007 Financial Sector Assessment Program update, Morocco's financial system has grown in size and complexity, with increased links between the banking and insurance sectors and a significant expansion into sub-Saharan Africa. Although banks are adequately capitalized and profitable, with stable funding, they are vulnerable to large corporate defaults and deposit withdrawals. But the new banking law has helped in strengthening the banking sector.

Subject: Bank legislation, Bank resolution, Bank resolution framework, Banking, Commercial banks, Financial crises, Financial institutions, Financial sector policy and analysis, Loans, Stress testing

Keywords: Asset quality, Bank contribution, Bank FX lending, Bank resolution, Bank resolution authority, Bank resolution framework, Bank resolution mechanism, Bank resolution regime, Bank supervision, Bank website, Banking system, Banks exposure, Commercial banks, CR, Europe, Global, ISCR, Loans, Parent bank, Resolution authority, Risk bank, Risk profile, Solvency ratio, Stress testing

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/037
Stock No:

1MAREA2016003
ISBN:

9781475514216
ISSN:

1934-7685

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