ACPR Issues Multiple Regulatory and Reporting Updates
The French Prudential Supervisory Authority (ACPR) published reporting updates under the fifth Capital Requirements Directive (CRD5), information on its fintech charter, and the results of its research on digital transformation in banking and insurance sectors.
Below are the key details of the recent updates:
- ACPR released new versions of the "functional business cards" in March and April 2022 on the OneGate portal. The March 2022 version of "the functional business cards," covers adjustments with respect to institutions not subject to the Single Supervisory Mechanism. A revision of the configuration of the information system has been carried out to allow integration of reporting elements under CRD5. These modifications apply from the March 2022 decree. The April 2022, ACPR version of "the functional business cards" incorporates changes related to the requirements for the Remuneration Benchmarking statements and the Remuneration High Earners statements for the December 2021 deadline. The April version also incorporates modifications to the list of optional statements for the COREP OWN FUND (COREP_OF) module. ACPR also published the updated list of optional statements.
- With respect to the research on digital transformation, ACPR interviewed 12 insurance organizations and 8 banks to understand the transformation underway. For both banks and insurers, artificial intelligence appeared to be a driving force of digital transformation. The research also characterized the way in which the actors envisage their relations with the innovative ecosystem. In the banking sector, entities are encouraged to strengthen the use of new technologies and adopt new business models integrating innovative players, via partnerships or acquisitions, with a view to retaining the relationship with the customer. In the insurance sector, however, “insurtech” firms are perceived more as partners or niche competitors.
- ACPR drew “Fintech charter” to facilitate the approval process for start-ups in the financial sector. The charter applies to authorization requests from fintech project leaders and describes the commitments and expectations of the supervisory authority. The charter is accompanied by documents explaining the applicable regulations, which will be evaluated one year after its publication.
Related Links (in French)
- Press Release on Functional Business Cards, March 2022
- Press Release on Functional Business Cards, April 2022
- List of Optional Statements (XLSX)
- Research on Digital Transformation
- Notification on Fintech Charter
Keywords: Europe, France, Banking, Insurance, Basel, Reporting, OneGate, SSM, Fintech, Insurtech, Fintech Charter, Regtech, License Applications, CRD5, Remuneration, COREP, ACPR
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
EIOPA Seeks Views on Pillar 1 Treatment of Climate Measures in SIIRelated Articles
CFPB Finalizes Rule on Small Business Lending Data Collection
The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.
BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023
The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
US Congress Report Examines Data Privacy and Cybersecurity Regulations
The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
EU to Conduct One-Off Scenario Analysis to Assess Transition Risk
The European authorities recently made multiple announcements that impact the banking sector.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.