The sector of Collective Investment Schemes in Transferable Securities (UCITS) was thus impacted by the fall in the stock market and by upward tensions on the interest rate market and suffered a loss of funds in the categories of MLT Bonds, CT Bonds and Shares UCITS, indicates BAM in a press release on this 16th meeting of the CCSRS.
Under these conditions, the overall net assets of UCITS stood at 536.5 billion dirhams (MMDH) as of December 9, 2022, down 9.5% compared to the beginning of the year, the press release recalls, noting that the other compartments of asset management are achieving growth in line with those observed in previous years, with a stabilization of assets under management for securitization funds and double- and triple-digit growth for OPCCs and OPCIs respectively.
For its part, the net assets of OPCI reached 49 billion dirhams at the end of October 2022, an increase of 127% since the beginning of the year, with a preponderance of funds reserved for qualified investors, said the same source.
The Systemic Risk Coordination and Monitoring Committee, composed of representatives of Bank Al-Maghrib, the Moroccan Capital Market Authority, the Insurance and Social Security Supervisory Authority and the Treasury and External Finance Directorate, took stock of the progress of the inter-authority financial stability roadmap covering the period 2022-2024 and examined the draft joint circular of the financial sector supervisory authorities relating to financial conglomerates.
He also analyzed the mapping of systemic risks weighing on the national financial system, in a context still surrounded by strong uncertainties, the press release said.
In this regard, he reviewed the conclusions of the monthly meetings of his representatives held since the advent of the health crisis as well as the evolution of the monitoring indicators. The latter continue to show the solidity and resilience of the Moroccan financial sector.
The Committee also took stock of the preparatory work for the on-site visit by FATF assessors, under the coordination of the National Financial Intelligence Authority.
He recommends maintaining the efforts of all stakeholders for the success of this visit, the press release concludes.
2024-08-21 07:58:31