In 2022, we witnessed a series of destabilising events and a sharp increase in geopolitical, economic and financial uncertainty, which has continued into early 2023 and even intensified with severe pressure in the banking sector in the United States and Switzerland. In these circumstances, the French financial sector has demonstrated remarkable resilience. Nevertheless, we need to remain extremely vigilant in light of the most recent events in terms of both oversight and regulations actually applied. In addition to these transitory shocks, we are having to respond to more acute structural challenges.