The stability of the national financial system does not cause any particular concern, despite the context of the Covid-19 related health crisis, a report by Bank Al-Maghrib (BAM) indicates. “To date, the monitoring carried out has not revealed any particular concerns for the stability of the national financial system,” BAM emphasizes in an addendum to Covid-19 to its report on financial stability, published in conjunction with the Insurance and Social Welfare Authority (ACAPS) and the Moroccan Capital Markets Authority (AMMC).
The emergence of the Covid-19 crisis and its impact on the national economy required a unique mobilization of all actors in the public and private spheres, states the same source. The purpose of the public and financial authorities̵
At this point, financial authorities have intensified their coordination to monitor risk indicators and provide appropriate and proportionate responses. In addition, BAM informs that the aim of the authorities would be to support the productive structure during the recovery and to closely monitor the development of its situation, in a quiet context, in the phase of progressive deconfinance that began in the second half of 2020. surrounded by uncertainties about the development of the pandemic.
It is also about continuing to monitor the risks to the financial sector, in particular in the framework of the Systemic Risk Coordination and Monitoring Committee (CCSRS), which has decided to hold weekly meetings with its representatives to this end. .