Every year, the ACPR requests that banking and insurance institutions draw up, update and provide preventive recovery plans in the event of a crisis.
At the same time, the resolution authority prepares and updates its own action plan in the form of a preventive resolution plan.
Should the ACPR determine that an entity belonging to the banking or the insurance sector is failing or likely to fail, the Authority may initiate resolution proceedings against that entity. For instance, such proceedings may be triggered when the entity is no longer able to meet its commitments as they fall due. The ACPR then takes control of the entity, and has the main resolution tools listed below at its disposal, which the Authority can elect to apply either jointly or separately, depending on the circumstances:
Updated on the 25th of March 2025