Bank Al Maghrib, BCEAO ink cooperation agreement

Marrakech - Morocco's Central Bank "Bank Al Maghrib" and the Central Bank of West African States (Banque Centrale des États de l'A

Marrakech - Morocco''s Central Bank "Bank Al Maghrib" and the Central Bank of West African States (Banque Centrale des États de l''Afrique de l''Ouest, BCEAO), sealed, on Friday, a cooperation agreement in the area of bank control, data exchange and other related issues

   The agreement was signed on the fringe of an international symposium on the global downturn held in Marrakech to commemorate the 50th anniversary of the Moroccan Central Bank.

   Under the agreement, both institutions show shared will to further strengthen cooperation ties, while being in line with the best international practices in banking supervision, including those advocated by the Basel Committee.

Source: MAP

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