The programme, launched in cooperation with the Moroccan Ministry of Economy and Finance, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange (CSE), offers participants the opportunity to update their capital markets knowledge and skills, said EBRD in a statement.
"Morocco already has a fairly well-developed legal and regulatory framework and infrastructure for capital markets," said the Bank, noting, however, the Covid-19 pandemic has exposed a need to upgrade skills in risk management and pricing.
It has also highlighted digital learning as a solution that can develop the knowledge of a large number of people in their own time, at their own pace, the statement added.
Participants from partner organisations will gain access to a wide range of course content in French and English that will enhance their capital markets and risk management skills, the same source noted, adding that this will enable them to make a significant contribution to the development of Morocco’s financial sector.
Those who avail of the service can expect to learn principles and best practices in all aspects of capital markets; managing and pricing credit risk, raising funds from investors through fixed-income and money markets, understanding and appealing to the institutional investment market, identifying the benefits of derivative financial instruments, exploring the potential of Islamic finance and fintech, recognising the principles behind environmental, social and governance investments.
Participants’ progress will be tracked on a learning management system and those who complete their designated study modules will receive a certificate of completion, said the Bank, adding that this will place participants in a strong position to pursue local qualifications with accrediting bodies, such as the AMMC.
Financial-sector organisations in Morocco can find details on joining the programme at www.capitalmarketselearning.com.
Speakers at the virtual event to launch the programme included Nouaman Alaissami, Deputy Director of Treasury and External Finance at the Moroccan Ministry of Economy and Finance; Hicham Elalamy, Director of the Support and Development Division at the AMMC; Badr Benyoussef, Director of Strategy & Transformation at the CSE; Antoine Sallé de Chou, Head of Morocco at the EBRD and Alex Pivovarsky, Director, Capital Markets Development at the EBRD.