Casablanca – Financial transparency, investor confidence and high-quality disclosure took center stage at the inaugural Financial Information Symposium, held on Wednesday in Casablanca. The event brought together regulators, public institutions, listed companies, governance experts, financial communication professionals, technology specialists and business media to discuss one of the key pillars of Morocco’s capital market development: reliable financial information.
Organized by Boursenews, the symposium highlighted the growing importance of financial reporting in strengthening investor confidence, improving market efficiency and supporting the financing of Morocco’s economy.
Speaking at the event, Mohamed Tarik Bchir, Director of Treasury and External Finance at the Ministry of Economy and Finance, stressed the strong relationship between the quality of financial information, the development of capital markets and the country’s economic growth.
He noted that transparent financial communication plays a decisive role in enhancing market depth and efficiency, while contributing to a more dynamic investment environment.
Bchir also pointed to Morocco’s favorable economic momentum, characterized by sustained growth, controlled inflation, solid foreign exchange reserves and increasing activity in the capital market. He cited recent stock market listings, the expansion of the private debt market and stronger financing flows toward the real economy as evidence of this positive trend.
For her part, Ilham Zainane, Deputy Director of Banking Supervision at Bank Al-Maghrib, described financial information as a cornerstone of well-functioning financial markets, particularly in a context marked by the globalization of capital flows, emerging risks and the rapid transformation of the information ecosystem.
She emphasized that investor confidence depends on financial information that is reliable, relevant, accessible and disclosed according to internationally recognized standards. Greater transparency, she said, leads to better asset valuation, more efficient capital allocation and reduced speculation driven by incomplete or asymmetric information.
Meanwhile, Brahim Benjelloun Touimi, Chairman of the Board of the Casablanca Stock Exchange, highlighted the major reforms undertaken by the exchange, including the launch of the futures market, the operationalization of the clearing house and the modernization of market infrastructure.
According to him, financial communication should no longer be viewed solely as a regulatory obligation but as a strategic driver of corporate competitiveness, governance and value creation. He called for stronger dialogue with investors, greater visibility on medium-term business prospects and the adoption of the highest standards of clarity, consistency and credibility.
Benjelloun Touimi also proposed making the symposium an annual benchmark event to further enhance Casablanca’s position as a leading financial hub in Africa.
The President of the Moroccan Insurance and Social Welfare Supervisory Authority (ACAPS), Abderrahim Chaffai, echoed this vision, describing transparent and accessible financial information as a strategic asset in an environment shaped by technological transformation and evolving stakeholder expectations.
He underlined the particular importance of transparency for the insurance, pension, mandatory health coverage and mutual insurance sectors, whose long-term commitments affect millions of beneficiaries.
Chaffai also outlined ACAPS’ ongoing prudential reforms, including the gradual implementation of a risk-based solvency framework and the integration of IFRS standards, aimed at improving risk assessment and aligning Morocco’s regulatory framework with international best practices.
The symposium featured several panel discussions focusing on the role of financial information in strengthening market confidence and attractiveness, the emergence of new communication channels, the growing influence of social media and artificial intelligence, as well as practical experiences shared by listed companies regarding their relationships with investors.
The event reflects Morocco’s broader ambition to reinforce transparency, improve corporate governance and position its financial market as an increasingly attractive destination for domestic and international investors.
