The Andorran Financial Authority has published its 2024 Activity Report, summarising its main supervisory and regulatory actions, the institution’s resources and its strategic priorities, including the supervisory focus it expects to maintain during 2025. For 2025, the report sets out four priority areas: increasing firms’ resilience to potential macrofinancial or geopolitical shocks, ensuring transparency and a responsible client-facing business model, reducing structural vulnerabilities, and aligning with international standards and new regulation. It also notes that supervisory activity intensified in 2024 across both macroprudential and microprudential work, with particular emphasis on onsite inspections and other actions aimed at strengthening the financial soundness of the system, alongside expanded cooperation with domestic partners including UIFAND, AREB, the Police Service and the Government of Andorra and with international peers and bodies. On the regulatory side, it describes progress in the Andorran financial legal framework during 2024, including technical communications and recommendations to support implementation of rules, particularly in the context of the Monetary Agreement with the European Union.

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