Annual report ACPR 2024
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. The changes needed to secure the stability of the financial sector
were widely discussed, while extensive work was done on managing climate and cyber risks, and on adapting supervision to the rise of non-banks. A number of significant regulatory milestones were also achieved.
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.
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Updated on the 18th of September 2025