21 January 2010:
The Order 2010-76 creating the ACP was published in the Official Journal. It defined the ACP’s tasks, composition and organisation.
The Autorité de Contrôle Prudentiel (ACP - Control and resolution authority) is the French banking and insurance supervisor Its creation responds to the objective of establishing a strong supervisory authority, with a comprehensive view of the financial sector (banking and insurance).
Installed in March 2010, the ACP became ACPR, resulting from the merger between:
3 March 2010:
The decree 2010-217 set out a number of points concerning the organisation, conduct of supervision and procedures of the ACP. At the same time, a number of decisions were published appointing members of the College, the Sanctions Committee and the General Secretariat of the ACP.
9 March 2010: the ACP’s College, which was set up by Christine Lagarde, Minister of the Economy, met for the first time and held its first plenary session.
22 October 2010: the Banking and Financial Regulation Act ratified the Order of 21 January 2010 creating the ACP. A number of changes were also made to the composition of the College, Sanctions Committee proceedings and consumer protection rules.
26 July 2013: the Law on the Separation and Regulation of Banking Activities entrusted the ACP with the supervision of the preparation and implementation of measures to prevent and resolve banking crises. The ACP thus became the ACPR - Autorité de contrôle prudentiel et de résolution.
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