Autorité de Contrôle Prudentiel et de Résolution

The ACPR is an independent administrative authority that operates under the auspices of the Banque de France, France's central bank. Created in 2010, its primary mission is to safeguard the stability of the financial system and protect the customers of banks, insurance companies, and other financial institutions. The ACPR is responsible for granting licenses, ensuring supervised institutions comply with regulations, conducting on-site inspections, and has the power to impose sanctions. It also plays a key role in the resolution of financial crises to minimize their impact on the economy and taxpayers.