Morocco Technical Note-Macroprudential Policy: Institutional Arrangements and Instruments

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 fu...

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Bibliographic Details
Corporate Author: International Monetary Fund Independent Evaluation Office
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Morocco  |b Technical Note-Macroprudential Policy: Institutional Arrangements and Instruments 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 28 pages 
651 4 |a Morocco 
653 |a Economic policy 
653 |a Depository Institutions 
653 |a Credit 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Financial sector stability 
653 |a Financial sector policy and analysis 
653 |a Monetary economics 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Mortgages 
653 |a Money 
653 |a Systemic risk 
653 |a Financial risk management 
653 |a Banks and Banking 
653 |a Financial sector risk 
653 |a Financial Markets and the Macroeconomy 
653 |a Financial services industry 
653 |a Macroeconomics 
653 |a Banking 
653 |a Macroprudential policy 
653 |a Money and Monetary Policy 
653 |a Finance: General 
710 2 |a International Monetary Fund  |b Independent Evaluation Office 
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520 |a 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