Bank Al-Maghrib - Directive No. 1/W/2014 - On the Governance of Credit Institutions

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The Bank Al-Maghrib's Directive No. 1/W/2014 sets the minimum rules to be observed by the credit institutions operating in the country. The directive repeals the provisions of Directive No. 50/G/2007 on the governance of credit institutions, and sets forth provisions on the following topics:

1. Responsibilities, Composition and Functioning of the Administrative and Management Bodies
2. Policies to Manage Conflicts of Interest and Good Conduct of the Institution's Staff
3. Internal Control and Risk Management Systems
4. Remuneration Policy
5. Activities In Jurisdictions Or Through Complex Structures, Limiting Transparency
6. Transparency and Communication of Information

 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2014
Date of Document: 
Thursday, October 30, 2014
Document Authors: 
Bank Al-Maghrib
Language (This Document): 
French

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