Star Africa
by PR Newswire
Summary: Since the 2007 FSAP 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 (SSA). A new banking law introduced in December 2014 aims to strengthen consolidated supervision and improve bank resolution.
The forthcoming central bank law further enhances central bank independence and expands its role to include, inter alia, contributions to financial stability and the oversight of financial market infrastructures.
SOURCE International Monetary Fund (IMF)
