African Banking Law (Law/Business crossover) | 27 October 2001
Research in Africa: Policy Implications of Moroccan Legal Frameworks
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Abstract
This study examines the Moroccan legal framework in Africa, focusing on its impact on banking law. A survey research approach was employed, involving interviews with legal experts and regulatory bodies to gather insights into current practices and future directions. The findings indicate a significant increase (30%) in the number of new laws enacted since that specifically address banking regulations. Themes include enhanced consumer protection and stricter anti-money laundering measures. Morocco's legal framework has evolved to better align with international best practices, particularly in areas such as transparency and accountability within financial institutions. Future research should focus on evaluating the practical effectiveness of these new laws and their impact on economic growth and stability in Morocco.