Morocco: Financial System Stability Assessment
Electronic Access:
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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.
Series:
Country Report No. 2016/037
Subject:
Bank legislation Bank resolution Bank resolution framework Banking Commercial banks Financial crises Financial institutions Financial sector policy and analysis Loans Stress testing
English
Publication Date:
February 8, 2016
ISBN/ISSN:
9781475514216/1934-7685
Stock No:
1MAREA2016003
Pages:
47
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