BPCE - 2018 Registration document

FINANCIAL REPORT Controls of accounting and financial reporting quality

Controls of accounting and financial 5.8 reporting quality

5.8.1

Roles and responsibilities in preparing and processing accounting

and financial information

GENERAL PRINCIPLES OF RESPONSIBILITY WITHIN GROUPE BPCE The Finance functions of entities included in the Group’s scope of consolidation produce accounting and financial information and perform controls aimed at ensuring the reliability of this information. Each entity has the resources to ensure the quality of accounting and financial data, particularly by seeing that regulations and Group standards are being properly implemented, and reconciling accounting and operating results, where applicable. Each entity prepares, on a monthly or quarterly basis, financial statements and regulatory information required at the local level, along with reporting documents for the Group Finance, Strategy, Corporate Secretary and Legal Affairs division. At Groupe BPCE, the preparation and processing of financial and accounting information falls under the responsibility of the Finance function. In the central institution, this function is coordinated by the four departments of the Group Finance, Strategy, Corporate Secretary and Legal Affairs division: the Group Finance division; ● the Group Steering and Strategy division; ● the Group Accounting division; ● the Group Tax division. ● The Group Finance, Strategy, Corporate Secretary and Legal Affairs division collects the accounting and financial data produced by the entities within the Group’s scope of consolidation. It is also responsible for the consolidation and control of this data for use in Group oversight and communication to third parties (control bodies, investors, etc.). In addition to consolidating accounting and financial information, the Group Finance, Strategy, Corporate Secretary and Legal Affairs division has broad control duties: it coordinates Asset/liability management by defining the Group’s ● ALM rules and standards and ensuring they are properly applied; it manages and controls Groupe BPCE’s balance sheet ratios and ● structural risks; it defines accounting standards and principles applicable to Groupe ● BPCE and ensures they are properly applied; it coordinates the steering and reporting of the Group’s financial ● performance in accordance with strategic plan objectives; it manages the Pillar II approach and related matters within the ● Group; it monitors the financial planning of Group entities and capital ● transactions; it ensures the reliability of accounting and financial information ● disseminated outside Groupe BPCE;

it steers planning and strategic operations; ● it manages emergency financial plans in the event of idiosyncratic ● or systemic crises and coordinates the resolution plan.

MAIN FUNCTIONS, WITHIN THE CENTRAL INSTITUTION, CONTRIBUTING TO THE PREPARATION AND COMMUNICATION OF ACCOUNTING AND FINANCIAL DATA AND THEIR RESPONSIBILITIES The main functions involved in preparing and publishing accounting and financial information are Accounting, Finance Control and Investor Relations. Accounting The Accounting function is responsible for producing the individual and consolidated financial statements (Groupe BPCE and BPCE SA group) and the corresponding regulatory filings (particularly COREP and FINREP). Within the Group, each entity’s Accounting function is responsible for its individual financial statements and, if warranted, the consolidated financial statements, its regulatory reports and disclosures to the central institution. Within BPCE, this role is assigned to the Group Accounting division, the head of which reports to the Chief Executive Officer in charge of Group Finance, Strategy, Legal Affairs and the Secretary’s Office of the Board. In this area, the main duties are: preparing the consolidated financial statements of Groupe BPCE ● and BPCE SA group, calculating the regulatory ratios and preparing the corresponding reports; coordinating the accounting process within the Group; ● providing a regulatory watch on French and IFRS accounting ● standards applied by Groupe BPCE in coordination with shareholder institutions, BPCE subsidiaries and the Statutory Auditors; acting as the interface between the regulatory authorities (the ● European Central Bank and the ACPR) and affiliated institutions, in accordance with Article L. 512-107 of the French Monetary and Financial Code and ensuring that the affiliated institutions comply with regulatory standards and management ratios; representing the Group in its dealings with industry bodies ● ( Autorité des normes comptables, European Banking Federation, etc.); performing accounting services and preparing regulatory reports for ● BPCE SA group and the entities under its authority.

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Registration document 2018