Morocco: Financial Sector Assessment Program: Technical Note-Crisis Management, Bank Resolution, and Financial Sector Safety Net
IMF Staff Country Reports, November 7, 2016
Source details
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- Morocco: Financial Sector Assessment Program: Technical Note-Crisis Management, Bank Resolution, and Financial Sector Safety Net
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Bibliographic details
- Published: November 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475546019.002
Executive summary and key findings
- The summary text discusses key issues related to the economy of Poland.
- Poland avoided an outright recession during the global financial crisis—attributed to:
- "sound policies"
- "close links to the German supply chain"
- "substantial EU transfers"
- The strong performance has masked "enduring regional disparities, which are undermining the quality of growth."
- Poland faces "significant long-term challenges as an aging population weighs on potential growth and public finances."
- The new government, which took office in November, has approved a "Responsible Development Plan, focused on spurring growth through innovation and reducing social and regional disparities."
Subjects and thematic scope
- Subject: Bank legislation, Bank liquidation, Bank resolution, Bank resolution framework, Banking, Deposit insurance, Distressed institutions, Financial crises, Financial institutions, Financial regulation and supervision
- Keywords: Africa, assistance function, BAM Law, BAM's governor, bank contribution, Bank legislation, Bank liquidation, Bank resolution, Bank resolution framework, bank supervisor, bank support, banking resolution, central bank act, CR, cross-border bank resolution mechanism, designated resolution authority, Distressed institutions, financial situation, ISCR, liquidated bank, resolution mechanism, state guarantee
Notable institutional and policy note
- The summary highlights a "Responsible Development Plan" approved by the new government (took office in November) with priorities:
- "spurring growth through innovation"
- "reducing social and regional disparities"
International Monetary Fund. Morocco: Financial Sector Assessment Program: Technical Note-Crisis Management, Bank Resolution, and Financial Sector Safety Net, November 7, 2016.