Princeton University Library Catalog

Morocco [electronic resource] : Financial Sector Assessment Program: Technical Note-Stress Testing the Banking System.

Author:
International Monetary Fund. Independent Evaluation Office [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (65 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
The FSAP stress testing exercise took place at a time of deep structural changes for the Moroccan financial system that create opportunities but also bring about potential risks. First, Moroccan banks have expanded both domestically and regionally since the global financial crisis, taking advantage of the opportunities afforded by retreating European banks, and with proactive support from BAM. Second, Morocco's insurance sector has expanded strongly in recent years, with close links with the banking sector. In addition, some features of the banking system increase its vulnerability to shocks. These include: rapid expansion abroad, and high concentration risks. Moreover, several shocks experienced during the recent years as a result of external and domestic macroeconomic conditions brought about liquidity pressures and a rising rate of NPLs.
Source of description:
Description based on print version record.
ISBN:
  • 1475545975 :
Doi:
  • 10.5089/9781475545975.002
Related name:
Other views:
Staff view