IMF Staff Country Reports

Morocco : Financial System Stability Assessment: Update

Author/Editor:

International Monetary Fund

Publication Date:

October 14, 2008

Electronic Access:

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Summary:

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.

Series:

Country Report No. 08/333

Subject:

Anti-money laundering Bank supervision Banking sector Capital account liberalization Capital flows Capital markets Combating the financing of terrorism External debt Financial sector Financial Sector Assessment Program Financial system stability assessment Flexible exchange rates Spillovers