Morocco: Financial System Stability Assessment: Update

IMF Staff Country Reports, October 14, 2008

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Morocco: Financial System Stability Assessment: Update

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Bibliographic details

• Published: October 14, 2008
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451824834.002

Overview

• This paper presents an update to the Financial System Stability Assessment on Morocco.
• Major reforms have been achieved since the 2002 Financial Sector Assessment Program (FSAP) within a policy of actively promoting economic and financial sector opening.
• The 2002 FSAP recommendations have been largely implemented.
• Although the financial system is stable and considerably more robust than in the past, the liberalization of capital flows and increased exchange rate flexibility present challenges for the monetary authorities, financial regulators, financial institutions, and markets.

Key findings

• Financial system stability: The financial system is described as stable and considerably more robust than in the past.
• Reform implementation: Major reforms since the 2002 FSAP have been largely implemented.
• Policy environment: Economic and financial sector opening has been actively promoted.

Noted challenges

• Liberalization of capital flows presents challenges for:
  • Monetary authorities
  • Financial regulators
  • Financial institutions
  • Markets
• Increased exchange rate flexibility presents challenges for:
  • Monetary authorities
  • Financial regulators
  • Financial institutions
  • Markets

Subject areas and keywords (as listed)

• Subject: Bank legislation, Banking, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Loans, Market risk, Money, Stress testing
• Keywords: assets equivalent, bank Al-Maghrib, bank financial institutions, banking sector, banking system, banks' balance sheets, central bank, Commercial banks, CR, Credit, et IMF estimation, exchange rate, financial system, illiquid bank, interest rate, ISCR, Loans, Maghreb, management of exchange risk, Market risk, parent bank, problem bank, return on equity, Stress testing

Content in this bundle

• Morocco: Financial System Stability Assessment—Update; IMF Country Report 08/333; July 8, 2008
  • Morocco: Financial System Stability Assessment—Update; IMF Country Report 08/333; July 8, 2008 (PDF)