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Analysis and criticisms of the effectiveness of the reforms of the Moroccan banking system

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  1. Introduction
  2. From general accounting to cost accounting
    1. Definition and role of cost accounting
    2. The general and cost accounting: two different approaches
    3. Cost analysis of cost accounting and cost accounting terms defined by
  3. Analysis of expenses
    1. Charges of cost accounting
    2. The analytical processing expenses
  4. The Case of Cost Accounting Monaco Morocco
  5. Prerequisites for the establishment of a cost accounting system
    1. Introduction to The Monaco Morocco.
    2. Structure of Monaco Morocco
    3. Manufacturing Process
    4. homogeneous selected sections
    5. Description of the database
  6. The analytical treatment of the charges Monaco Morocco
    1. The allocation of indirect costs.
    2. The cost calculation
  7. Conclusion

The banking sector in Morocco plays a vital role in the Moroccan economy. It has experienced various reforms that have aimed to create a modern system that meets the needs of society as those of enterprises.

Until 1943, the banking system was subject to regulations, and order was established in March in the same year in an attempt to organize and control the banking activity that applied to the southern area and has been extended to Tangier.

In 1962, these measures have resulted in a situation of skimming on the banks. Since 1991, a number of measures have been taken. These include: the lifting by the monetary authorities, credit restrictions and liberalization of all interest expenses and incomes, the diversification of financial intermediaries, the creation of two new banks, Bank Al Amal and the Development Bank of Local Government, the adoption of prudential rules to allow adequate monitoring of banking and the adoption of international standards.

Despite these efforts, the various measures implemented have not had the desired effect and did not allow a real growth momentum. This thesis will aim to explain the reason for this inefficiency.

After the first chapter, it will present the Central Bank which is the origin of the various reforms of the Moroccan banking system, the second chapter will be devoted to these reforms and the terms of their applications on the Moroccan financial market in its first section, and in the second section, it will present the limitations of these multiple measures.

The opening of the first ATMs in Morocco dates from the second half of the 19th century. The Act of Algeciras, signed in 1906 by delegates from twelve European countries, the United States of America and Morocco,established the State Bank of Morocco that will actually be created in Tangier in 1907 as a limited company, whose capital was distributed among the signatories, except the United States.

In addition to commercial operations, the State Bank of Morocco had the privilege of issuing paper money throughout the kingdom and was acting as the fiscal agent for the Moroccan government.

The exercise of the banking business, which was not governed by any particular text, was organized for the first time in 1943, following the promulgation of the Dahir of 31 March on the regulation and organization of the profession bank.

The implementing rules of this Dahir were fixed by the order of the Director of Finance of the same date, then modified and supplemented by the decrees of 15 January 1954, January 17 and April 16, 1955. These texts were particularly devoted to the Director of Finance for the general competence in the control and regulation of the conduct of banking business, and the sanctioning power of the identified deficiencies.

The second important step in the establishment and consolidation of the Moroccan banking system began with the promulgation of Royal Decree No. 1-67-66 of 21 April 1967 on the law on the banking and credit, the main contributions consist of a more precise definition of the activity of banks, the delimitation of the powers of authorities and monitoring and the establishment of more appropriate regulations.

Tags: Banking sector in Morocco, Analysis of reforms and effectiveness, criticism

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