Bank Al-Maghrib - Directive No. DN29/G/2007 - On Operational Risk Management


The Bank Al-Maghrib's Dircetive No. DN29/G/2007 constitutes a framework of sound practices for the establishment by the credit institutions of an operational risk management system to enable them to identify potential sources of such risks and to ensure their measurement, monitoring, control and mitigation in relation to their size and risk profile and the complexity of their business. The circular is divided into several chapters, and covers the following topics:

1. Definition of Operational Risks
2. Potential Sources of Operational Risks
3. Oversight of Operational Risks by the Administrative and Management Bodies
4. System for the Identification, Measurement, Monitoring, Control and Mitigation of Operational Risk
5. Control of the Operational Risk Management System
6. Business Continuity Plan
7. Reporting to Bank Al-Maghrib

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
Date of Document: 
Friday, April 13, 2007
Document Authors: 
Bank Al-Maghrib
Language (This Document): 

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.