In 2024, banks and insurers demonstrated resilience against a backdrop of economic and political uncertainty. Their strength reflected the effectiveness of the prudential framework and of our supervisory model, which is built around active and intrusive
supervision that prioritises a risk-based approach. In a macroeconomic environment featuring multiple risks, 2024 was a pivotal year in which inflation eased and interest rates started coming down.
MONITOR THE DEVELOPMENT OF RISKS TO ENSURE A SOUND FINANCIAL SECTOR IN AN UNCERTAIN POLITICAL, ECONOMIC AND FINANCIAL ENVIRONMENT
- Focus on the risks of macrofinancial contagion, at a time of market volatility and heightened geopolitical risk;
- Pay attention to the net interest margin of French banks, as a function of interest rate developments;
- Monitor risks (including credit risk) amid rising debt levels and corporate bankruptcies;
- Work with the Banque de France and the AMF to assess risks linked to interconnectedness within the financial sector, especially with the non-bank financial intermediation (NBFI) sector.
DEVELOP OUR RISK-BASED APPROACH AND CONTRIBUTE TO SIMPLIFYING SUPERVISION AND REGULATION
- Adjust inspections based on supervisory priorities, institutions’ risk profiles and the impact of failures;
- Innovate in support of supervisory tools and data quality;
- Finalise regulatory workstreams and promote measures to simplify Europe’s regulatory framework.
SUPPORT THE SECTOR AND WORK PROACTIVELY TO REDUCE STRUCTURAL VULNERABILITIES
- Support participants to implement CRD6/CRR3 and Solvency II;
- Monitor Basel III application outside the EU;
- Pursue activities aimed at developing transition plans, contribute to European work on regular climate stress testing and control climate and environmental (ESG) risks;
- Resilience and performance of institutions’ business models (conglomerates, insurance outsourcing, etc.), in a setting of increasing digitalisation;
- Specific risks linked to the digital transition (cyber, AI) and introduction of DORA.
STRENGTHEN ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING (AML/CTF) SYSTEMS AND IMPROVE THE QUALITY OF BUSINESS PRACTICES
- Participate in setting up the new European Anti-Money Laundering Authority (AMLA) and the European supervisory model;
- Supervise AML/CTF systems and deploy risk-based supervision, especially in the crypto-asset sector and in disintermediated finance;
- Make sure that the interests of customers and policyholders are protected and upheld.
Consult the full publication
Updated on the 2nd of December 2025