Morocco: Technical Note-Macroprudential Policy: Institutional Arrangements and Instruments

November 7, 2016

Preview Citation

Format: Chicago

Morocco: Technical Note-Macroprudential Policy: Institutional Arrangements and Instruments, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Morocco in the area of macroprudential policy, which can play an important role in mitigating financial stability risks in Morocco. The institutional framework is sound, but could be further strengthened. The current institutional setup comprising the Systemic Risk Surveillance and Coordination Committee provides a good framework, but remaining gaps could undermine its ability and willingness to act. Bank Al-Maghrib has recently taken important steps to advance financial stability analysis and develop a macroprudential policy framework. A risk mapping framework is now in place, a Financial Stability Report is now produced, and stress testing has been fine-tuned.

Subject: Banking, Credit, Financial sector policy and analysis, Financial sector risk, Financial sector stability, Macroprudential policy, Money, Systemic risk

Keywords: BAM risk, Bank, Bank Al-Maghrib, Bank funding, Bank stress tests, Bank vulnerability, CCSRS MaPP, CCSRS MaPP framework, CCSRS meeting, CCSRS member, CCSRS' mission, CR, Credit, Europe, Financial sector risk, Financial sector stability, Fiscal policy, Global, ISCR, Liquidity support, Macroprudential policy, MaPP authorities, Regime, Systemic risk

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/330
Stock No:

1MAREA2016007
ISBN:

9781475545999
ISSN:

1934-7685

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