Morocco’s House of Representatives approved a banking reform bill on Tuesday expanding the powers of financial authorities to intervene in failing banks and strengthening mechanisms aimed at protecting financial stability during crises.
The legislation amends laws governing credit institutions and Bank Al-Maghrib as authorities seek to reinforce oversight of banks considered systemically important to the national economy.
The bill passed with 66 votes in favor and 28 against.
Presented by Economy and Finance Minister Nadia Fettah Alaoui, the reform introduces stronger rules governing banking licenses, supervision procedures and sanctions related to false or misleading declarations submitted by financial institutions.
The law also clarifies the role of Morocco’s deposit guarantee fund and the conditions under which it can intervene to manage banking crises and protect depositors.
Government officials said the reform responds to growing concern globally over systemic financial risks and the need for earlier intervention mechanisms capable of containing banking sector shocks before they spread across the wider economy.
The legislation strengthens legal tools available to regulators for early intervention and bank resolution procedures, while also expanding governance and transparency requirements tied to licensing and regulatory oversight.
Moroccan authorities have increasingly focused on financial resilience in recent years as global inflation, rising interest rates and geopolitical instability exposed vulnerabilities across banking systems internationally.
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