An EU's new banking directive, Directive (EU) 2024/1619, introduces stricter rules for non-EU bank branches, directly impacting Moroccan banks operating in Europe. Yabiladi outlines the changes that could affect Moroccan banking branches in the EU, from new compliance reviews and a classification system to the risk of being forced to become subsidiaries.
EU Commissioner for Neighborhood and Enlargement, Oliver Varhelyi, visited Morocco to discuss EU-Morocco relations following the European Court of Justice's ruling excluding the Sahara from bilateral agreements. Moroccan Foreign Minister Nasser Bourita urged the EU to take concrete actions to uphold their partnership, emphasizing Morocco's stance on national unity and territorial integrity.