Technical Assistance for Setting Up an Integrated Information System for the Supervision and Regulation of Participation Banks - GPN

GENERAL PROCUREMENT NOTICE Country: MOROCCO Project Name: TECHNICAL ASSISTANCE FOR SETTING UP AN INTEGRATED INFORMATION SYSTEM FOR THE SUPERVISION AND REGULATION OF PARTICIPATION BANKS Sector: ISLAMIC BANKING / ISLAMIC FINANCE Mode of Financing: ISLAMIC FINANCE GRANT Financing No: MAR1056 Bank Al-Maghrib’s (BAM) has received financing in the form of a grant amounting to USD 280,000 (United States Dollar Two Hundred and Eighty Thousand) equivalent from the Islamic Development Bank toward the cost of the “technical assistance for setting up an integrated information system for the supervision and regulation of participation banks” Project, and it intends to apply part of the proceeds to payments for consulting services to be procured under this project. The purpose of this grant is to support the enhancement of Bank Al-Maghrib’s IT system for banking supervision, enabling it to effectively address the unique demands of Islamic banking in the wake of the country's recent introduction of participation banks. The Moroccan banking system is undergoing a significant transformation with the emergence of participation banks, presenting new challenges and opportunities for effective supervision. This technical assistance aims to strengthen BAM's capacity to oversee and regulate the financial sector, including participation banks, by enhancing its information system. The project will include the following components: Component A - Consultancy Services: Redesigning and optimizing the regulatory reporting of the banking system, with a focus on developing specific reports tailored to participation banks. Component B - Consultancy Services: Conducting a study and providing recommendations on the most suitable technological standards for remittance of the reporting, taking into account Morocco's unique context and relevant benchmarks. Component C - Change Management Support: Delivering comprehensive support to facilitate a smooth transition, including communication, training, and s