Moroccan banking sector: BAM and the WB publish a report on the assessment of climate risks
Rabat – Bank Al-Maghrib (BAM) and the World Bank (WB) have published the report of a study carried out jointly on climate risks in the Moroccan banking sector.
“This exploratory exercise is the first of its kind in the Middle East and North Africa region,” said a BAM press release, adding that the assessment carried out in this report focuses on climate risks of a physical nature and on the risks arising from the transition to a low-carbon economy.
This very first assessment measures the level of exposure of bank portfolios to the risks of drought, flooding and the implementation of carbon taxation, adds the same source.
And to let it be known that the study also includes an analysis of the vulnerability of banking players in the face of hypothetical climate shocks.
Furthermore, the report highlights the challenges linked, on the one hand, to the lack of sufficiently granular data and, on the other hand, to the complexity of understanding the interactions between climatic, economic and financial factors.
This report is part of BAM’s efforts to take into account the impacts of climate change in the banking sector and support players in this sector in the implementation of systems for measuring and managing the related risks. .