French Prudential Supervision and Resolution Authority

File:Place des Victoires @ Paris (27757508020).jpg in the background]]

A number of financial supervisory authorities were created in France over the years and with various mandates. These included:{{citation |title=L'indépendance de l'Autorité de contrôle prudentiel |author=Didier Israël |journal=Revue française d'administration publique |volume=2012/3 (n° 143) |date=2012 |pages=759–767 |url=https://www.cairn.info/revue-francaise-d-administration-publique-2012-3-page-759.htm}}

• the Bank Supervisory Commission ({{langx|fr|Commission de Contrôle des Banques}}, CCB), established in 1941 and renamed in 1984 the {{ill|French Banking Commission{{!}}Banking Commission|fr|Commission bancaire (France)}} ({{langx|fr|Commission bancaire}})
• the Insurance Supervisory Commission ({{langx|fr|Commission de contrôle des assurances}}, CCA, est. 1990{{citation |url=https://www.lajauneetlarouge.com/histoire-des-commissaires-controleurs-des-assurances/ |journal=La Jaune et la Rouge |title=Histoire des commissaires contrôleurs des assurances |issue=560 |date=December 2000 |author=Michel Crinetz}}) and the Mutual Insurance and Health Care Supervisory Commission ({{langx|fr|Commission de contrôle des mutuelles et des institutions de prévoyance}}, CCMIP, est. 1990{{citation |title=Rapport d'activité 2002-2003 de la Commission de contrôle des mutuelles et des institutions de prévoyance (CCMIP) |url=https://acpr.banque-france.fr/sites/default/files/media/2017/10/24/rapport-ccmip-2003_242.pdf |page=5}}), merged by law of {{date|2003/08/01}} to form the {{lang|fr|Commission de contrôle des assurances, des mutuelles et des institutions de prévoyance}} (CCAMIP), renamed in 2005 as {{ill|Autorité de Contrôle des Assurances et des Mutuelles|fr}} (ACAM, {{lit|Insurance and Mutuals Supervisory Authority}})
• the {{ill|Comité des établissements de crédit et des entreprises d'investissement{{!}}Committee for Credit Institutions and Investment Companies|fr|Comité des établissements de crédit et des entreprises d'investissement}} ({{langx|fr|Comité des établissements de crédit et des entreprises d'investissement}}, CECEI, est. 1984{{cite web |website=Légifrance |url=https://www.legifrance.gouv.fr/loda/id/JORFTEXT000000504724 |title=Loi n° 84-46 du 24 janvier 1984 relative à l'activité et au contrôle des établissements de crédit}}) and Committee for Insurance Companies ({{langx|fr|Comité des entreprises d'assurance}}, CEA, est. 2003{{cite web |website=Légifrance |url=https://www.legifrance.gouv.fr/jorf/id/JORFSCTA000000911267 |title=Loi n° 2003-706 du 1er août 2003 de sécurité financière>}}), separate licensing authorities, respectively, for credit institutions and investment services providers and for insurers

In January 2010, the ACP was formed by executive order through the merger of the Banking Commission, ACAM, and CECEI.{{cite web|url=http://www.banque-france.fr/acp/presentation-de-l-acp/201012-ACP-Overview.pdf |title=The ACP an overview |publisher=banque de france |date=17 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110124193056/http://www.banque-france.fr/acp/presentation-de-l-acp/201012-ACP-Overview.pdf |archive-date=January 24, 2011 }}

A new executive order in July 2013 granted it resolution authority, in the context of the formation of the European Single Resolution Mechanism, and correspondingly changed its name from ACP to ACPR.{{cite web |url=https://acpr.banque-france.fr/lacpr/presentation/historique-de-lacpr |website=Autorité de contrôle prudentiel et de résolution |title=Historique de l'ACPR}}

In 2017, the ACPR lost its previous status of independent administrative authority (Article 24 of Law 2017-55 of 20 January 2017),{{cite web |website=Légifrance |url=https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000033897475 |title=Loi n° 2017-55 du 20 janvier 2017 portant statut général des autorités administratives indépendantes et des autorités publiques indépendantes}} and thus became more directly integrated into the Bank of France.

From July 2020 to April 2021, the ACPR conducted the first assessment of financial risks resulting from climate change,{{Cite news|language=fr|title=" Le paysage actuel de l'assurance pourrait connaître un bouleversement complet face au risque climatique "|periodical=Le Monde.fr|date=2021-05-19|url=https://www.lemonde.fr/idees/article/2021/05/19/le-paysage-actuel-de-l-assurance-pourrait-connaitre-un-bouleversement-complet-face-au-risque-climatique_6080757_3232.html|access-date=2021-05-19}} which included 22 insurance organizations and 9 banking groups.{{cite web|access-date=2021-05-19|language=fr-FR|last=lassurenmouv|title=Résultats de l'exercice pilote climatique 2020 {{!}}|url=https://www.lassuranceenmouvement.com/2021/05/19/resultats-de-lexercice-pilote-climatique-2020/}}

File:Place Budapest plaque.jpg by memorializing the presence of European Central Bank President Mario Draghi and ECB Supervisory Board Chair Danièle Nouy at the building's inauguration ceremony, together with the ACPR's own chair and Secretary-General]]

The ACPR's stated purposes include supervision and control, preservation of the stability of the financial system and protection of clients, insured participants and beneficiaries who are subject to its control.{{Cite journal|last1=Hubert|first1=Olivier|last2=Pince|first2=Arnaud|date=1 September 2018|title=Banking Regulation in France: Overview|url=https://uk.practicallaw.thomsonreuters.com/w-007-9978|journal=Thomson Reuters Practical Law}} The ACPR have supervisory powers, the power to impose administrative enforcement measures, and disciplinary powers with respect to entities under its jurisdiction. It may also make public any information that it deems necessary to discharge its duties.

The ACPR has three different decision-making bodies: the Supervisory College, the Resolution College and the Sanctions Committee, as well as some consultative bodies, such as the Audit Committee and the Scientific Consultative Committee. It occasionally launches public consultations on different issues, as was the case in 2013, when it drafted the regulations for crowdfunding following a public consultation launched alongside the Autorité des marchés financiers and the French Ministry of the Economy and Finance.{{Cite web|url=https://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2013?docId=workspace://SpacesStore/b8576b9f-d316-4dab-a915-a635342bd47a|title=The Autorité des marchés financiers (AMF) and the French Prudential Supervision and Resolution Authority (ACPR) have launched a public consultation on crowdfunding|date=5 November 2013|website=AMF|language=en-US|access-date=6 December 2019}}

The ACPR's chairman is the Governor of the Bank of France.{{Cite web|url=https://thejournalofregulation.com/en/article/autorite-de-controle-prudentiel-et-de-resolution-a/|title=Autorité de Contrôle Prudentiel et de Résolution - ACPR (French financial supervisory body)|date=15 December 2017|website=The Journal of Regulation|language=en|access-date=6 December 2019}} The Secretary-General ({{langx|fr|secrétaire général}}) is the ACPR's chief executive officer. The successive Secretaries-General of ACP, then ACPR have been:

• Danièle Nouy (March 2010 - December 2013), previously Secretary-General of the Banking Commission since 2003
• Edouard Fernandez-Bollo (January 2014 - September 2019)
• Dominique Laboureix (October 2019 - 2023)
• Nathalie Aufauvre (2023–present)

• Autorité des marchés financiers (France)
• Tracfin
• List of financial regulatory authorities by jurisdiction

{{reflist}}

• {{in lang|fr|en}} [https://web.archive.org/web/20150201153527/http://acpr.banque-france.fr/accueil.html Official site]

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France

Category:Government agencies of France

France

France

Category:French economic policy