It is both our role and our responsibility to serve our customers by managing risks. We rely on a robust and efficient risk management unit that works across all our businesses and the markets and regions in which we operate, and also on a strong risk culture shared by all employees.

All employees must behave like responsible bankers, measuring and managing the risks they take for their customers and the bank

Séverin Cabannes, Deputy Chief Executive Officer

Anticipating risks

The main objectives of our risk management policy are:

  • serving our customers to the best of our ability and contributing to the development of our businesses, guaranteeing the Group’s sustainability by implementing an efficient system for risk analysis, measurement and monitoring
  • making risk control a differentiating element and a competitiveness factor recognised by all.

This policy is structured around major risk categories likely to affect our results:

  • credit and counterparty risk, in the event that customers or other counterparties become unable to meet their financial commitments
  • market risk, such as significant fluctuations in the prices of securities (equities and bonds) or commodities
  • operational risk, related to failures in internal procedures, human error or external events
  • structural risk: interest rate and exchange rate risk
  • liquidity risk, in the event that the Group should find itself unable to meet its cash or collateral requirements as they arise
  • compliance risk, including legal, administrative and reputational damage
  • country risk, in the event of changing political and economic conditions in the country of operation that negatively impact the Group's interests.

Steering risk management

The Group structures its risk management policy around two key principles:

  • the departments responsible for risk assessment must be independent of the operational divisions
  • the approach and monitoring of risks must be consistent across the Group.

Risk management steering is based on :

  • the full involvement of all employees, from General Management to the operational teams, in managing risk management and the dissemination of a risk culture
  • clearly defined internal rules and procedures
  • continuous supervision by an independent body of risk monitoring and the application of rules and procedures.

Consult the 2017 Registration Document – Risk Management chapter

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Sharing a strong risk culture

As risk management requires much more than just monitoring tools and procedures, we constantly cultivate a strong risk culture shared by all our employees