Systemic risk mapping

Risk mapping is a global balanced scorecard of the main sources of risks to the financial system.

It is based on a set of macro-prudential indicators designed to identify actual or latent risks to financial markets, institutions, businesses and households. 


The evaluation of indicators under the risk mapping is conducted by assigning a scoring from 1 to 5, reflecting the magnitude of risks. It also takes into consideration the projected evolution of some indicators to provide analysis with a prospective dimension.

  1. Macroeconomic risk: this category includes risks induced by economic factors likely to affect financial institutions and financial markets.
  2. Risks linked to monetary and financial conditions: this category includes risks linked to overheating of credit, excess in banking liquidity or a situation where banks are unable to finance the economy at reasonable costs.
  3. Real estate risks: this category includes risks induced by the evolution of real estate asset prices and real estate credit market.
  4. Market risk: this category includes concentration risks or lack of depth in capital markets, as well as risks of dispersion or excess valuation.
  5. Liquidity risk: this category covers risks of banking liquidity crunch and pressure on collateral of banks.
  6. Credit risk: this category covers significant risk of failure of nonfinancial economic units- households, businesses and sovereign default- which are likely to destabilize banks’ balance sheets.
  7. Soundness of financial institutions: This category covers the risk that financial institutions reveal systemic vulnerabilities or even the risk of default.
  8. Contagion risk: This category corresponds to the risk that potential difficulties within a financial institution or a component of the financial system, in Morocco or internationally, spread to other financial institutions or other components of the financial system or even to the entire financial sector.

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