This paper presents France’s Detailed Assessment of Observance—Insurance Core Principles (ICP). The insurance sector is one of the top five globally and the largest in the EU. The assessment found an overall high level of observance of the ICPs. The assessment found the Autorité de...

This Technical Note focuses on the cyber risk supervision and regulation of the financial sector in France. The overall complexity of the cyber risk supervision within the French financial sector is high, with four dedicated teams within the three financial authorities, a financial regulator and...

This Technical Note examines macroprudential policy framework and tools as part of Financial Sector Assessment Program (FSAP) in France. Authorities took and maintained several strong actions to mitigate risks to financial stability and further enhance macroprudential oversight since the last...

This paper analyzes a technical note on supervision of financial conglomerates and less significant financial institutions in France. The EU approach on financial conglomerates with the concept of supplemental supervision is largely effective to address risks that remained potentially...

This Technical Note focuses on Supervision of Liquidity Risk in Investment Funds and the Oversight of Trading Activities in France. Financial markets in France have evolved since the previous Financial Sector Assessment Program (FSAP), particularly in respect of wholesale markets. The...

This Technical Note focuses on systemic risk analysis as part of Financial Sector Assessment Program in France. The French financial sector has proven resilient to the stress events of the last five years but faces some headwinds from domestic and, like in many other countries, global...

The French financial system has proven resilient to the shocks of the last five years but faces headwinds from domestic and external policy uncertainty and high fiscal consolidation needs. Bank-insurance conglomerates that include four Global Systemically Important Banks dominate the financial...