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UNIVERSAL DOCUMENT REPORT & RISK REPORT
Key thematics
Key indicators
Sustainable development
Strategy
Governance
PILLAR III
2022
Foreword
1. KEY FIGURES
1.1 Types of risk
1.2 Regulatory changes
2. RISK FACTORS
Strategic, business and ecosystem risks
Financial risks
Credit and counterparty risks
Non-financial risks
Insurance risks
Regulatory risks
3. RISK MANAGEMENT SYSTEM
3.1 Adequacy of risk management systems
3.2 Risk appetite
3.3 Risk management
3.4 Internal control
3.5 Recovery Plan
4. CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
4.1 Regulatory framework
4.2 Scope of application
4.3 Composition of regulatory capital
4.4 Regulatory capital requirements and risk-weighted assets
4.5 Management of Group capital adequacy
4.6 Detailed quantitative disclosures
5. CREDIT RISKS
5.1 Credit risk management
5.2 Risk measurement and internal ratings
5.3 Use of credit risk mitigation techniques
5.4 Quantitative disclosures
5.5 Detailed quantitative disclosures
6. COUNTERPARTY RISK
6.1 Counterparty risk management
6.2 Quantitative disclosures
6.3 Detailed quantitative disclosures
7. SECURITIZATION TRANSACTIONS
7.1 Regulatory framework and accounting methods
7.2 Securitization management at Groupe BPCE
7.3 Risks related to securitization transactions
7.4 Quantitative disclosures
7.5 Detailed quantitative disclosures
8. MARKET RISKS
8.1 Market risk policy
8.2 Market risk management
8.3 Quantitative disclosures
8.4 Detailed quantitative disclosures
9. LIQUIDITY, INTEREST RATE AND FOREIGN EXCHANGE RISKS
9.1 Governance and structure
9.2 Liquidity risk management policy
9.3 Quantitative disclosures
9.4 Management of structural interest rate risk
9.5 Management of structural exchange rate risk
9.6 Detailed quantitative disclosures on liquidity risk
10. LEGAL RISKS
10.1 Legal and arbitration proceedings – BPCE
10.2 Legal and arbitration proceedings – Natixis
10.3 Dependency
11. NON-COMPLIANCE AND SECURITY RISKS
11.1 Compliance
11.2 Financial security
11.3 Business continuity
11.4 Information System Security (ISS)
12. OPERATIONAL RISKS
12.1 Operational risk policy
12.2 Monitoring
12.3 Control
13. INSURANCE, ASSET MANAGEMENT, FINANCIAL CONGLOMERATE RISKS
Organization
Insurance risks
Insurance technical risks
Risks inherent to the Group’s main companies
Asset management risks
Additional monitoring of the financial conglomerate
Activities in 2022
14. CLIMATE RISKS
14.1 Governance and structure
14.2 Acceleration of the integration of climate and environmental risks with the climate risk management program
14.3 Detailed quantitative disclosures
15. REMUNERATION POLICY
16. INTERNAL CONTROL POLICY AND CERTIFICATION
16.1 Internal control policy
16.2 Statement on the publication of information required under Pillar III
17. ANNEXES
17.1 Index to Pillar III report tables
17.2 Pillar III cross-reference table
17.3 Glossary
URD
2022
INTRODUCTION
1 PRESENTATION OF GROUPE BPCE
1.1 Group history
1.2 Understanding the Group’s organization
1.3 Highlights
1.4 The Group’s business lines
1.4.1 Retail Banking and Insurance
1.4.2 Global Financial Services
1.5 Agenda
1.6 Contacts
2 NON-FINANCIAL PERFORMANCE STATEMENT
2.1 A CSR roadmap in line with the Group’s strategic priorities
2.1.1 Our ESG strategy
2.1.2 Governance taking ESG issues to the highest level
2.1.3 Managing non-financial risks
2.2 Meeting the expectations of civil society
2.2.1 Cultivate our cooperative values in line with the evolutions of society
2.2.2 Contribute to the region’s economic development
2.2.3 Be an inclusive bank by supporting our vulnerable customers and supporting microcredit
2.2.4 Placing customer satisfaction at the heart of our priorities
2.2.5 Maintain an active dialogue with all our stakeholders
2.2.6 Be exemplary by adopting a responsible purchasing policy
2.2.7 Extend our actions for society through committed sponsorship
2.2.8 At the heart of the sports economy
2.3 Be a major player in the environmental transition
2.3.1 Groupe BPCE places the climate at the heart of its strategy and incorporates ESG criteria in its processes
2.3.2 Aligning portfolios with a Net Zero trajectory
2.3.3 Sustainable refinancing: Innovation and active presence in the green or social bond market
2.3.4 Supporting our customers in their move to a low-carbon economy
2.3.5 Strengthen the ESG offering in asset management and green investments within the insurance business
2.3.6 Set new targets for reducing the direct environmental footprint
2.3.7 Indicators of the European taxonomy on sustainable activities
2.4 An engaged and socially responsible group
2.4.1 Attract, welcome and retain talent
2.4.2 Building tailored career paths
2.4.3 Sustained dialog with employee representatives
2.4.4 Committing to quality of life at work
2.4.5 Promote gender equality and diversity
2.4.6 Engaging employees and companies in the “Paris 2024” partnership dynamic
2.5 Respect our business ethics commitments
2.5.1 Supervise the Group’s activities in terms of business ethics
2.5.2 Protect customer data and develop a cybersecurity culture
2.5.3 Duty of Vigilance
2.6 CSR reporting methodologies
2.6.1 CSR reporting structure
2.6.2 Reporting scope for 2022
2.7 Report of one of the Statutory Auditors, appointed as independent third party, on the verification of the consolidated non-financial performance statement
2.8 Cross-reference table of the main social, environmental and societal information
3 REPORT ON CORPORATE GOVERNANCE
3.1 Introduction
3.2 Corporate Governance Code
3.3 Composition of the management and supervisory bodies
3.3.1 Groupe BPCE’s governance organization chart
3.3.2 Supervisory Board
3.3.3 Management Board
3.3.4 Executive Management Committee – BPCE governing body
3.3.5 Directorships and offices held by corporate officers
3.4 Role and operating rules of governing bodies
3.4.1 Supervisory Board
3.4.2 Specialized committees
3.4.3 Attendance of Board and Specialized Committee Meetings
3.4.4 Management Board
3.4.5 General Meetings
3.4.6 Dialogue with shareholders
3.5 Rules and principles governing the determination of remuneration and benefits
3.5.1 Remuneration policy, pay components, benefits in kind, loans, guarantees and remuneration received by members of the Supervisory Board of BPCE (1)
3.5.2 Corporate officer remuneration policy for fiscal year 2023
3.5.3 Remuneration and benefits of all kinds awarded to company directors for fiscal year 2022
3.5.4 Procedure for enforcing pay policies aznd practices in Groupe BPCE covered by Articles L. 511-71 to L.511-88 of the French Monetary and Financial Code
3.6 Potential conflicts of interest
3.6.1 Members of the Supervisory Board
3.6.2 Members of the Management Board
4 ACTIVITIES AND FINANCIAL INFORMATION 2022
4.1 Foreword
4.2 Significant events of 2022
4.2.1 Economic and financial environment
4.2.2 Significant events of the fiscal year
4.3 Groupe BPCE financial data
4.3.1 Groupe BPCE results
4.3.2 The Group’s business lines
4.3.3 Income statement by sector
4.3.4 Retail Banking and Insurance
4.3.5 Asset & Wealth Management
4.3.6 Corporate & Investment Banking (CIB)
4.3.7 Corporate center
4.3.8 Analysis of the Groupe BPCE consolidated balance sheet
4.4 BPCE SA group financial data
4.4.1 BPCE SA group results
4.4.2 Analysis of BPCE SA group’s consolidated balance sheet
4.5 Investments
4.5.1 In 2022
4.5.2 In 2021
4.5.3 In 2020
4.6 Post-balance sheet events
4.7 Outlook for Groupe BPCE
FORECASTS 2023: zero growth inevitable in France?
5 FINANCIAL REPORT
5.1 IFRS consolidated financial statements of Groupe BPCE as at December 31, 2022
5.1.1 Consolidated income statement
5.1.2 Comprehensive income
5.1.3 Consolidated balance sheet
5.1.4 Statement of changes in equity
5.1.5 Consolidated cash flow statement
5.1.6 ;Notes to the financial statements of Groupe BPCE
5.2 Statutory Auditors’ report on the consolidated financial statements
5.3 IFRS consolidated financial statements of BPCE SA group as at December 31, 2022
5.3.1 Consolidated income statement
5.3.2 Comprehensive income
5.3.3 Consolidated balance sheet
5.3.4 Statement of changes in equity
5.3.5 Consolidated cash flow statement
5.3.6 Notes to the financial statements of BPCE SA group
5.4 Statutory Auditors’ report on the consolidated financial statements
5.5 BPCE management report
5.6 BPCE parent company annual financial statements
5.6.1 Balance sheet and off-balance sheet items
5.6.2 Notes to the parent company annual financial statements
5.7 Statutory Auditors’ report on the annual financial statements
5.8 Controls of accounting and financial reporting quality
5.8.1 Roles and responsibilities in preparing and processing accounting and financial information
5.8.2 Production processes for accounting and financial data
5.8.3 Accounting and financial data control process
5.9 Persons responsible for auditing the financial statements
5.9.1 Statutory audit system
5.9.2 Statutory Auditors of BPCE
6 RISK FACTORS & RISK MANAGEMENT
6.1 Key figures
6.1.1 Types of risk
6.1.2 Regulatory changes
6.2 Risk factors
6.3 Risk management system
6.3.1 Adequacy of risk management systems
6.3.2 Risk appetite
6.3.3 Risk management
6.3.4 Internal control
6.3.5 Recovery Plan
6.4 Capital management and capital adequacy
6.4.1 Regulatory framework
6.4.2 Scope of application
6.4.3 Composition of regulatory capital
6.4.4 Regulatory capital requirements and risk-weighted assets
6.4.5 Management of Group capital adequacy
6.5 Credit risks
6.5.1 Credit risk management
6.5.2 Risk measurement and internal ratings
6.5.3 Use of credit risk mitigation techniques
6.5.4 Quantitative disclosures
6.6 Counterparty risk
6.6.1 Counterparty risk management
6.6.2 Quantitative disclosures
6.7 Securitization transactions
6.7.1 Regulatory framework and accounting methods
6.7.2 Securitization management at Groupe BPCE
6.7.3 Risks related to securitization transactions
6.7.4 Quantitative disclosures
6.8 Market risks
6.8.1 Market risk policy
6.8.2 Market risk management
6.8.3 Quantitative disclosures
6.9 Liquidity, interest rate and foreign exchange risks
6.9.1 Governance and structure
6.9.2 Liquidity risk management policy
6.9.3 Quantitative disclosures
6.9.4 Management of structural interest rate risk
6.9.5 Management of structural exchange rate risk
6.10 Legal risks
6.10.1 Legal and arbitration proceedings – BPCE
6.10.2 Legal and arbitration proceedings – Natixis
6.10.3 Dependency
6.11 Non-compliance and security risks
6.11.1 Compliance
6.11.2 Financial security
6.11.3 Business continuity
6.11.4 Information System Security (ISS)
6.12 Operational risks
6.12.1 Operational risk policy
6.12.2 Monitoring
6.12.3 Control
6.13 Insurance, asset management, financial conglomerate risks
6.14 Climate risks
6.14.1 Governance and structure
6.14.2 Acceleration of the integration of climate and environmental risks with the climate risk management program
6.15 Remuneration policy
7 LEGAL INFORMATION
7.1 Charter of incorporation and articles of association
7.1.1 General information
7.1.2 Appropriation of earnings
7.1.3 Company documents
7.2 Share capital
7.2.1 Share capital at December 31, 2022
7.2.2 Category A and B shares
7.3 Ownership structure and distribution of voting rights
7.3.1 Ownership structure over the past three years
7.3.2 Improper control
7.3.3 Changes of control
7.4 Material contracts
7.5 Material changes
7.6 Statutory Auditors’ special report on related-party agreements and commitments
7.6.1 Agreements submitted for the approval of the General Meeting
7.6.2 Agreements already approved by the General Meeting
8 ADDITIONAL INFORMATION
8.1 Statement by the person responsible for the Universal Registration Document and for the annual financial report
8.2 Documents on display
8.3 Cross-reference table for the universal registration document
Cross-reference table for the annual financial report
8.5 Glossary
PILLAR III
2021
Foreword
Structure of the Pillar III report
1 KEY FIGURES
1.1 Types of risk
1.2 Regulatory changes
Fragmentation and withdrawal accentuated by the health crisis in Europe
Flexible prudential framework and “return to normal”: a balance to be found
A “shaken up” regulatory agenda
2 RISK FACTORS
Strategic, business and ecosystem risks
Credit and counterparty risks
Financial risks
Insurance risks
Non-financial risks
Regulatory risks
3 RISK MANAGEMENT SYSTEM
3.1 Adequacy of risk management systems
3.2 Risk appetite
Risk appetite guidelines
Risk appetite framework and groupwide implementation
Robust financial strength
Summary of Groupe BPCE’s risk profile in 2021
Emerging risks
3.3 Risk management
Governance of risk management
Organization of risk management
Risk governance at Group institutions
Risk Governance
Risk and compliance culture
Macro-level risk mapping of institutions
Consolidated risk oversight
Stress testing system
3.4 Internal control
Permanent control system
Periodic control (Level 3)
Structure of integrated control functions
Internal Control Coordination Committee
3.5 Recovery Plan
4 CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
4.1 Regulatory framework
Pillar I
Pillar II
Pillar III
4.2 Scope of application
Regulatory scope
4.3 Composition of regulatory capital
Regulatory capital
Common Equity Tier 1 (CET1)
Additional Tier 1 (AT1) capital
Tier 2 capital
4.4 Regulatory capital requirements and risk-weighted assets
4.5 Management of capital adequacy
Regulatory capital and capital ratios
Supervisory Review and Evaluation Process
Outlook
4.6 Detailed quantitative disclosures
5 CREDIT RISKS
Foreword
5.1 Credit risk management
Credit policy
Rating policy
Credit risk governance
Credit risk supervision system
Quality assessment of loan outstandings and impairment policy
Forbearance, performing and non-performing exposures
5.2 Risk measurement and internal ratings
Current situation
Rating system
Internal rating system governance
Model development process
Review of internal ratings-based models
Model mapping
5.3 Use of credit risk mitigation techniques
Definition of guarantees
Accounting recognition under the standardized or IRB approach
Conditions for the recognition of guarantees
Division of risks
Guarantors
Concentration of collateral volumes
Valuation and management of collateral comprising real guarantees
5.4 Quantitative disclosures
Credit risk exposure
Provisions and impairments
Non-performing and forborne exposures
Assets with past due payments
Quality of exposures
Risk mitigation techniques
5.5 Detailed quantitative disclosures
Loans and advances subject to legislative and non-legislative moratoriums
Standardized approach
Internal models approach
Specialized financing
6 COUNTERPARTY RISK
6.1 Counterparty risk management
Measuring counterparty risk
Counterparty risk mitigation techniques
6.2 Quantitative disclosures
6.3 Detailed quantitative disclosures
7 SECURITIZATION TRANSACTIONS
7.1 Regulatory framework and accounting methods
Regulatory framework
Accounting methods
Terminology
7.2 Securitization management at Groupe BPCE
Breakdown of EAD by entity
7.3 Quantitative disclosures
Breakdown of exposures and risk-weighted assets
Breakdown by rating
7.4 Detailed quantitative disclosures
Banking book
Trading book
8 MARKET RISKS
8.1 Market risk policy
8.2 Market risk management
Risk monitoring
8.3 Market risk measurement methods
Sensitivities
VaR
Stress tests
Independent price verification
8.4 Quantitative disclosures
Groupe BPCE VaR
Trading book stress test results
Risk-weighted assets and capital requirements
8.5 Detailed quantitative disclosures
Breakdown of risk-weighted assets with respect to market risks by approach
Detailed information on market risks within the Natixis scope
9 LIQUIDITY, INTEREST RATE AND FOREIGN EXCHANGE RISKS
9.1 Governance and structure
9.2 Liquidity risk management policy
Objectives and policies
Operational liquidity risk management
Centralized funding management
Centralized collateral management
Adequacy of the institution’s liquidity risk management systems
9.3 Quantitative disclosures
Customer loan-to-deposit ratio
Funding strategy and conditions in 2021
9.4 Management of structural interest rate risk
Objectives and policies
Interest rate risk oversight and management system
Quantitative disclosures
9.5 Management of structural exchange rate risk
Foreign exchange risk oversight and management system
Quantitative disclosures
9.6 Detailed quantitative disclosures on liquidity risk
Groupe BPCE cash balance sheet
10 LEGAL RISKS
10.1 Legal and arbitration proceedings – BPCE
Check imaging exchange (échange image chèques) commissions
10.2 Legal and arbitration proceedings – Natixis
Madoff fraud
Criminal complaint coordinated by ADAM
MMR claim
Securitization in the United States
EDA Selcodis
MPS Foundation
Formula funds
Société Wallonne du Logement
SFF/Contango Trading S.A.
Lucchini Spa
Competition Authority/Natixis Intertitres and Natixis
Bucephalus Capital Limited/Darius Capital Conseil
European government bonds antitrust litigation
Disputes involving the set-off of receivables
European Government Bonds - Cartel Decision
Collectif Porteurs H2O
10.3 Dependency
11 NON-COMPLIANCE AND SECURITY RISKS
11.1 Compliance
Organization
Customer protection
French Banking Separation and Regulation Act (SRAB)
11.2 Financial security
Organization
11.3 Business continuity
Organization
11.4 Information System Security (ISS)
Organization
12 OPERATIONAL RISKS
Organization
Methodology
Operational risk oversight
Incident and loss data collection
Operational risk oversight
Incident alert procedure
Operational risk measurement
Operational risk mitigation techniques
13 INSURANCE, ASSET MANAGEMENT, FINANCIAL CONGLOMERATE RISKS
Organization
Insurance technical risks
Risks inherent to the Group’s main companies
Asset Management risks
Additional monitoring of the Financial Conglomerate
Activities in 2021
14 CLIMATE RISKS
14.1 Governance and structure
14.2 Acceleration of the integration of climate and environmental risks
Identification and assessment of climate risks
Groupe BPCE risk materiality matrix
Macro-risk mapping
Risk Appetite Framework (RAF)
14.3 Credit risk
ESG sector policies
Environmental Transition Questionnaire
EBA Loan Origination Guide(1)
14.4 Financial risks
ESG analysis of the liquidity reserve
14.5 Awareness and training
Deployment of a thematic version of the Risk Pursuit on climate risks
Reflection and awareness-raising workshops on climate risks
14.6 Regulatory environment
Drafting of the Task Force on Climate-related Financial Disclosures (TCFD) report
ACPR and EBA pilot exercises and ECB stress tests
ECB Guide (European Central Bank)
Taxonomy
15 REMUNERATION POLICY
16 INTERNAL CONTROL POLICY AND CERTIFICATION
16.1 Internal control policy
General organization of permanent control
Pillar III first-level production and control system
Pillar III second-level control system
16.2 Statement on the publication of information required under Pillar III
17 APPENDICES
17.1 Index to Pillar III report tables
17.2 Pillar III cross-reference table
17.3 Glossary
URD
2021
2021 GROUP PROFILE
Message from the Chairman of the Management Board
Groupe BPCE at a glance
A cooperative, multi-brand and entrepreneurial model serving its customers and the economy
Diversified businesses, Strong, recognized brands
BPCE 2024 strategic plan
Three strategic priorities
Three lines of force
Targets of the BPCE 2024 strategic plan
Renewed governance
Composition of the Supervisory Board
Supervisory Board members’ expertise
5 specialized committees mobilized
Management Board members
Business model
A solid group generating robust performances
A recurring and diversified revenue base
Ratings as of December 31, 2021
BPCE SA group indicators(1)
1 PRESENTATION OF GROUPE BPCE
1.1 Group history
1.2 Understanding the Group’s organization
Overview
Three-pillar structure
1.3 Highlights 2021
1.4 The Group’s business lines
1.4.1 Retail Banking and Insurance
1.4.2 Global Financial Services
1.5 Agenda
1.6 Contacts
2 NON-FINANCIAL PERFORMANCE STATEMENT
A cooperative group in the heart of the region
2.1 A CSR roadmap in line with the Group’s strategic priorities
2.1.1 Our strategy
2.1.2 Our organization
2.1.3 Measuring our performance
2.1.4 Managing non-financial risks
2.2 Meeting the expectations of civil society
2.2.1 Cultivate our cooperative values in line with the evolution of society
2.2.2 Contribute to the region’s economic development
2.2.3 Be an inclusive bank by supporting our vulnerable customers and supporting microcredit
2.2.4 Placing customer satisfaction at the heart of our priorities
2.2.5 Maintain an active dialogue with all our stakeholders
2.2.6 Be exemplary by adopting a responsible purchasing policy on behalf of the Group
2.2.7 Extend our actions for society through committed sponsorship
2.3 Be a major player in the environmental transition
2.3.1 Groupe BPCE places the climate at the heart of its strategy and incorporates ESG criteria in its processes
2.3.2 Aligning portfolios with a Net Zero trajectory
2.3.3 Intensify the “green” refinancing strategy with energy transition-themed bond issues
2.3.4 Supporting our customers in their move to a direct low-carbon economy
2.3.5 Strengthen the ESG offering in asset management and green investments within the insurance business
2.3.6 Set new targets for reducing the direct environmental footprint
2.4 Designing the future of work
2.4.1 Attract talent
2.4.2 Building tailored career paths
2.4.3 Managing a socially responsible company
2.4.4 Committing to quality of life at work
2.4.5 Promote gender equality and diversity
2.4.6 Supporting equal opportunities and youth employment
2.5 Respect our business ethics commitments
2.5.1 Supervise the Group’s activities in terms of business ethics
2.5.2 Protect customer data and develop a cybersecurity culture
2.5.3 Duty of Vigilance
2.6 CSR reporting methodologies
2.6.1 CSR reporting structure
2.6.2 Reporting scope for 2021
2.7 Report of one of the Statutory Auditors, appointed as an independent third party, on the verification of the consolidated non-financial performance statement
2.8 Cross-reference table of the main social, environmental and societal information
3 REPORT ON CORPORATE GOVERNANCE
3.1 Introduction
3.2 Corporate Governance Code
3.3 Composition of the management and supervisory bodies
3.3.1 Groupe BPCE’s governance organization chart
3.3.2 Supervisory Board
3.3.3 Management Board
3.3.4 Executive Management Committee – BPCE governing body
3.3.5 Directorships and offices held by corporate officers
3.4 Role and operating rules of governing bodies
3.4.1 Supervisory Board
3.4.2 Specialized committees
3.4.3 Attendance of Board and Specialized Committee Meetings
3.4.4 Management Board
3.4.5 General Meetings
3.4.6 Dialogue with shareholders
3.5 Rules and principles governing the determination of remuneration and benefits
3.5.1 Remuneration policy, pay components, benefits in kind, loans, guarantees and remuneration received by members of the Supervisory Board of BPCE (1)
3.5.2 Corporate officer pay policy for fiscal year 2022
3.5.3 Remuneration and benefits of all kinds awarded to executive corporate officers for fiscal year 2021.
3.5.4 Procedure for enforcing pay policies and practices in Groupe BPCE covered by Articles L. 511-71 to L. 511-88 of the French Monetary and Financial Code
3.6 Potential conflicts of interest
3.6.1 Members of the Supervisory Board
3.6.2 Members of the Management Board
4 ACTIVITIES AND FINANCIAL INFORMATIONS 2021
4.1 Foreword
4.2 Significant events of 2021
4.2.1 Economic and financial environment
4.2.2 Significant events of the fiscal year
4.3 Groupe BPCE financial data
4.3.1 Groupe BPCE results(1)
4.3.2 The Group’s business lines
4.3.3 Income statement by sector
4.3.4 Retail Banking and Insurance
4.3.5 Asset & Wealth Management
4.3.6 Corporate & Investment Banking (CIB)
4.3.7 Corporate center
4.3.8 Analysis of the Groupe BPCE consolidated balance sheet
4.4 BPCE SA group financial data
4.4.1 BPCE SA group results
4.4.2 Analysis of BPCE SA group’s consolidated balance sheet
4.5 Investments
4.5.1 In 2021
4.5.2 In 2020
4.5.3 In 2019
4.6 Post-balance sheet events
4.7 Outlook for Groupe BPCE
4.7.1 Forecasts for 2022: a restricted return to the pre-Covid-19 trend
5 FINANCIAL REPORT
5.1 IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2021
5.1.1 Consolidated income statement
5.1.2 Comprehensive income
5.1.3 Consolidated balance sheet
5.1.4 Statement of changes in equity
5.1.5 Consolidated cash flow statement
5.1.6 Notes to the financial statements of Groupe BPCE
5.2 Statutory Auditors’ report on the consolidated financial statements
5.3 IFRS consolidated financial statements of BPCE SA group as at December 31, 2021
5.3.1 Consolidated income statement
5.3.2 Comprehensive income
5.3.3 Consolidated balance sheet
5.3.4 Statement of changes in equity
5.3.5 Consolidated cash flow statement
5.3.6 Notes to the financial statements of BPCE SA group
5.4 Statutory Auditors’ report on the consolidated financial statements
5.5 BPCE management report
5.5.1 Significant events of 2021
5.6 BPCE parent company annual financial statements
5.6.1 Balance sheet and off-balance sheet items
5.6.2 Notes to the parent company annual financial statements
5.7 Statutory Auditors’ report on the annual financial statements
5.8 Controls of accounting and financial reporting quality
5.8.1 Roles and responsibilities in preparing and processing accounting and financial information
5.8.2 Production processes for accounting and financial data
5.8.3 Accounting and financial data control process
5.9 Persons responsible for auditing the financial statements
5.9.1 Statutory audit system
5.9.2 Statutory Auditors of BPCE
6 RISK FACTORS & RISK MANAGEMENT
6.1 Key figures
6.1.1 Types of risk
6.1.2 Regulatory changes
6.2 Risk factors
6.3 Risk management system
6.3.1 Adequacy of risk management systems
6.3.2 Risk appetite
6.3.3 Risk management
6.3.4 Internal control
6.3.5 Recovery Plan
6.4 Capital management and capital adequacy
6.4.1 Regulatory framework
6.4.2 Scope of application
6.4.3 Composition of regulatory capital
6.4.4 Regulatory capital requirements and risk-weighted assets
6.4.5 Management of capital adequacy
6.5 Credit risks
Foreword
6.5.1 Credit risk management
6.5.2 Risk measurement and internal ratings
6.5.3 Use of credit risk mitigation techniques
6.5.4 Quantitative disclosures
6.6 Counterparty risk
6.6.1 Counterparty risk management
MEASURING COUNTERPARTY RISK
COUNTERPARTY RISK MITIGATION TECHNIQUES
6.6.2 Quantitative disclosures
6.7 Securitization transactions
6.7.1 Regulatory framework and accounting methods
6.7.2 Securitization management at Groupe BPCE
6.7.3 Quantitative disclosures
6.8 Market risks
6.8.1 Market risk policy
6.8.2 Market risk management
6.8.3 Market risk measurement methods
6.8.4 Quantitative disclosures
6.9 Liquidity, interest rate and foreign exchange risks
6.9.1 Governance and structure
6.9.2 Liquidity risk management policy
6.9.3 Quantitative disclosures
6.9.4 Management of structural interest rate risk
6.9.5 Management of structural exchange rate risk
6.10 Legal risks
6.10.1 Legal and arbitration proceedings – BPCE
6.10.2 Legal and arbitration proceedings – Natixis
6.10.3 Dependency
6.11 Non-compliance and security risks
6.11.1 Compliance
6.11.2 Financial security
6.11.3 Business continuity
6.11.4 Information System Security (ISS)
6.12 Operational risks
6.13 Insurance, asset management, financial conglomerate risks
6.14 Climate risks
6.14.1 Governance and structure
6.14.2 Acceleration of the integration of climate and environmental risks
6.14.3 Credit risk
6.14.4 Financial risks
6.14.5 Awareness and training
6.14.6 Regulatory environment
6.15 Remuneration policy
7 LEGAL INFORMATION
7.1 Charter of incorporation and articles of association
7.1.1 General information
7.1.2 Appropriation of earnings
7.1.3 Company documents
7.2 Share capital
7.2.1 Share capital at December 31, 2021
7.2.2 Category A and B shares
7.3 Ownership structure and distribution of voting rights
7.3.1 Ownership structure over the past three years
7.3.2 Improper control
7.3.3 Changes of control
7.4 Material contracts
7.5 Material changes
7.6 Statutory Auditors’ special report on related-party agreements and commitments
7.6.1 Agreements submitted for the approval of the General Meeting
7.6.2 Agreements already approved by the General Meeting
8 ADDITIONAL INFORMATION
8.1 Statement by the person responsible for the Universal Registration Document and for the annual financial report
8.2 Documents on display
8.3 Cross-reference table for the Universal Registration Document
8.4 Cross-reference table for the annual financial report and the management report
8.5 Glossary
en
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English
UNIVERSAL DOCUMENT REPORT & RISK REPORT
2022
PILLAR III
2022
Foreword
1. KEY FIGURES
2. RISK FACTORS
3. RISK MANAGEMENT SYSTEM
4. CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
5. CREDIT RISKS
6. COUNTERPARTY RISK
7. SECURITIZATION TRANSACTIONS
8. MARKET RISKS
9. LIQUIDITY, INTEREST RATE AND FOREIGN EXCHANGE RISKS
10. LEGAL RISKS
11. NON-COMPLIANCE AND SECURITY RISKS
12. OPERATIONAL RISKS
13. INSURANCE, ASSET MANAGEMENT, FINANCIAL CONGLOMERATE RISKS
14. CLIMATE RISKS
15. REMUNERATION POLICY
16. INTERNAL CONTROL POLICY AND CERTIFICATION
17. ANNEXES
URD
2022
INTRODUCTION
1 PRESENTATION OF GROUPE BPCE
2 NON-FINANCIAL PERFORMANCE STATEMENT
3 REPORT ON CORPORATE GOVERNANCE
4 ACTIVITIES AND FINANCIAL INFORMATION 2022
5 FINANCIAL REPORT
6 RISK FACTORS & RISK MANAGEMENT
7 LEGAL INFORMATION
8 ADDITIONAL INFORMATION
PILLAR III
2021
Foreword
1 KEY FIGURES
2 RISK FACTORS
3 RISK MANAGEMENT SYSTEM
4 CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
5 CREDIT RISKS
6 COUNTERPARTY RISK
7 SECURITIZATION TRANSACTIONS
8 MARKET RISKS
9 LIQUIDITY, INTEREST RATE AND FOREIGN EXCHANGE RISKS
10 LEGAL RISKS
11 NON-COMPLIANCE AND SECURITY RISKS
12 OPERATIONAL RISKS
13 INSURANCE, ASSET MANAGEMENT, FINANCIAL CONGLOMERATE RISKS
14 CLIMATE RISKS
15 REMUNERATION POLICY
16 INTERNAL CONTROL POLICY AND CERTIFICATION
17 APPENDICES
URD
2021
2021 GROUP PROFILE
1 PRESENTATION OF GROUPE BPCE
2 NON-FINANCIAL PERFORMANCE STATEMENT
3 REPORT ON CORPORATE GOVERNANCE
4 ACTIVITIES AND FINANCIAL INFORMATIONS 2021
5 FINANCIAL REPORT
6 RISK FACTORS & RISK MANAGEMENT
7 LEGAL INFORMATION
8 ADDITIONAL INFORMATION
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