The FX and commodity markets have gained momentum over the last few years.
The Moroccan banks and financial institutions propose more structured products (often optional and sometimes "exotic") to clients willing to hedge FX and commodity risks.
Those structured products are often offered without any rationale nor guidance. Clients need stronger help to better understand and manage those products.
On the other hand, Morocco is strengthening its status as an emerging economy and, in consequence, its monetary policy has to adapt to this, the change of its basket currencies and “dirham liberalization” are first in a long economic and monetary process of opening up to the international economy, which will obviously need guidance that will permit local economic agents to better understand this economic transition.

The debt market has a central role in Morocco's financial industry. It is considered as a primordial financing tool, be it for the state or for the private sector.
The private debt market has developed considerably over this last year, to now take up, with Treasury bonds, more than ¾ of the assets held by the asset management companies.
The entry of private firms on the debt market permitted financial engineering to innovate and to propose sophisticated products that address the firms' needs (redeemable bonds, convertible bonds or bonds redeemable in shares, securitization, etc.).
Considering the success that these products benefit from, which present, of course, a higher return than Treasury bills, the fund managers should dispose of appropriate tools in order to analyze the opportunities, value products accurately and forecasting market trends.
Also, the interest rate curve is a critical item and building it with market data from the secondary Treasury market could create arbitrage caused by the lack of liquidity of certain tenors; hence the need to have proper models to build the interest rate curves.
After the difficulties that some companies have had reimbursing their debts, the actors on the market have become more careful on the quality of issuances and on the risk premiums and their estimations, thus, models for computing the risk premiums, default probabilities as well as default forecasting (such as Merton models) are critical.

Moroccan and international regulations provide guidance and requirements in order to account for all inherent risks of financial transactions (market risk, counterparty risk, operational risks, etc.).
Addressing those regulatory requirements means getting quantitative advice (valuation of financial products, development of mathematical and statistical models, etc.) and operational advice (project management, IT deployment, software development, etc.)

International regulations are constantly evolving in all areas: financial markets, corporate finance, insurance, risk management and asset management.
Morocco needs to keep track of those changes and at the same time get prepared to assess their impacts.
A robust and complete training is a perfect tool for all Moroccan decision-makers who are looking to address all issues coming from those new régulations.