AMMC Autorite Marocaine du Marche des Capitaux : Press release – Fourteenth meeting of the Coordination and Systemic Risk Monitoring Committee – marketscreener.com

PRESS RELEASE
Fourteenth meeting of the Coordination and Systemic Risk
Monitoring Committee
Rabat, December 28, 2021
The Coordination and Systemic Risk Monitoring Committee held, this Tuesday December 28, its fourteenth meeting at the headquarters of Bank Al-Maghrib in Rabat.
After the three-year review of the 2019-2021 period, the committee examined and approved the new inter-authority financial stability roadmap covering the period 2022-2024. It also analysed the risks and vulnerabilities weighing on the national financial system, in a context marked by the persistence of the health crisis. In this regard, it reviewed the conclusions of regular meetings of its representatives held since the outbreak of this crisis and the evolution of monitoring indicators. These indicators continue to show, so far, a resilience of the Moroccan financial sector facing Covid-19 crisis spill overs.
After reviewing the state of play of the financial system in the light of observed and expected economic and financial trends, the Committee noted the following:
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13.8 percent and 10.9 percent. The liquidity ratio continues to be well above the regulatory minimum of 100 percent.
The macro stress test exercise carried out by Bank Al-Maghrib based on December 2021 economic forecasts continues to highlight at this date the resilience of banks to the shock scenarios simulating the deterioration of health and economic conditions.
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during the period. The net debt of issuers at the end of June 2021 was generally under control and recording a slight downward to 84 percent against 86 percent in 2020.
The Committee reviewed the progress of the plan related to the implementation of the FATF and MENAFATF recommendations on the fight against money laundering and terrorism financing (AML/CFT). It also noted the achievements of the said plan, namely in terms of legal and regulatory reforms, and recommends the continuation of the implementation of the remaining actions within the set deadlines.
Press contact:
Nouaim SQALLI
Phone: 06.66.20.82.46
E-mail:n.sqalli@bkam.ma
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AMMC – Autorite Marocaine du Marche des Capitaux published this content on 29 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2021 13:06:04 UTC.

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