Developing an SRP application within regulatory constraints
The French National Bank (Banque de France) wished to create an SRP application destined for the ACPR (French Prudential Supervisory Authority), The application needed to enable traceability and coherent implementation as formalised by the verification recommendations of Solvability 2 (Directive 2009/138/CE).
Context and challenges
- Projects for the prudential supervision of insurance companies and groups
- Development in platform mode on the client’s premises
- To create a single-entry portal for work on insurance organisations and groups
- Homogenise and apply the principle of proportionality for all supervisory work
- Guide users through every step in the prudential control process
- Create systematic computerised audit trails of completed tasks
- Share information between the various ACPR directorates
- Provide aggregated dashboards and statistical tools for different users
- Regulatory constraint to open the service in April 2017
