Capital management

The Capital Management Guideline sets out the AMF’s expectations for ensuring that all the strategies, policies and procedures used by a financial institution to determine and plan its capital continually comply with minimum regulatory capital requirements and, depending on the institution’s risk profile, the target established for oversight purposes.

Life and health insurers – CARLI

The Capital Adequacy Requirements Guideline – Life and Health Insurance (CARLI) sets out the AMF’s requirements regarding the capital adequacy framework applicable to life and health insurers. Capital adequacy is determined from a risk-based formula, as defined by the CARLI, used to measure the adequacy of the sum of available capital, surplus allowance and eligible deposits (amount available) in relation to the base solvency buffer (required amount).

Self-regulatory organizations

The Capital Adequacy Requirements Guideline – Self-Regulatory Organizations sets out the AMF’s requirements regarding the capital adequacy framework applicable to self-regulatory organizations. Capital adequacy is determined from a risk-based formula, as defined by the Minimum Capital Test (MCT), used to measure the adequacy of available capital in relation to target required capital.

Liquidity risk management

The Liquidity Risk Management Guideline sets out the AMF’s expectations for ensuring that financial institutions implement an effective management framework enabling them to ensure ongoing access to the liquidity required to meet their current and anticipated obligations without disrupting their day-to-day operations and without incurring substantial losses in the event of a funding shortfall.

Life and health insurers – Solo

The Stand-Alone Capital Adequacy Requirements Guideline – Life and Health Insurers (Solo) sets out the AMF’s requirements regarding the stand-alone capital adequacy framework applicable to life and health insurers. Stand-alone capital adequacy is determined from a risk-based formula, as defined by the Solo, used to take into account the risk of repatriation of capital held in another jurisdiction during periods of stress.

Reciprocal Unions

The Capital Adequacy Requirements Guideline – Reciprocal Unions sets out the AMF’s requirements regarding the capital adequacy framework applicable to reciprocal unions. Capital adequacy is determined from a risk-based formula, as defined by the Minimum Capital Test (MCT), used to measure the adequacy of available capital available in relation to target required capital.

Capital treatment of cryptoasset exposures

The Guideline on capital treatment of cryptoasset exposures sets out the AMF’s expectations for financial institutions with respect to the capital treatment of cryptoasset exposures.

P&C insurers - Capital Adequacy Requirements

The Guideline on Capital Adequacy Requirements – Property and casualty insurance sets out the AMF’s requirements regarding the capital adequacy framework applicable to P&C insurers. Capital adequacy is determined from a risk-based formula, as defined by the Minimum Capital Test (MCT), used to measure the adequacy of available capital in relation to target required capital.