WHALE III RULES AND THEIR APPLICATION IN MOROCCO
The establishment of the Basel Committee followed a series of financial turmoil that occurred during the bankruptcy
The financial crisis that has impacted the global economy has validated the urgent need for effective banking supervision and the implementation of new prudential policies, strong risk management practices and improved financial communication.
Nevertheless, the crisis has exposed weaknesses in risk management, governance and due diligence that the private sector will need to address.
Having learned the lessons of this crisis, the Basel Committee's objective was to ensure that the shocks induced by a financial crisis could be absorbed by banks in order to avoid the risk of spreading to the real economy.
The new Basel III mechanism has a macro-prudential character aimed at mitigating the systemic risk that precipitates crises and at stabilising the financial system as a whole and thus avoiding their invasion of the economy.
The implementation and enforcement of the Basel III standards will improve the quality and level of banks' capital and reduce systemic risk.
Fadwa MAGHLAZI, is a corporate lawyer, with a double curriculum : a Master's degree in Business Law, and the Certificate of aptitude to the profession of lawyers.She benefits from a significant experience within multinational companies which has enabled her to acquire solid skills in business law, contracts, banking law...