BPCE - 2018 Registration document

5 FINANCIAL REPORT

Controls of accounting and financial reporting quality

organization, composition and role of each committee, along with the rules for reporting on the discussions held by these committees. The Group Finance, Strategy, Corporate Secretary and Legal Affairs division’s committees always involve representatives from the shareholder institutions and, if applicable, Groupe BPCE’s subsidiaries. The Group Steering and Accounting Standards and Methods Committee is chaired by the Chief Executive Officer in charge of Finance, Strategy, Corporate Secretary and Legal Affairs division. Its main duties are to validate: the regulatory framework and management standards needed for ● Group oversight; strategic accounting guidelines and Groupe BPCE’s framework of ● accounting standards, including Groupe BPCE’s choices, where options are given by the texts.

In addition, BPCE’s Management Board assigns the Group Finance, Strategy, Corporate Secretary and Legal Affairs division the task of organizing the process of coordinating, disclosing and forming a decision on the financial and accounting sphere through the Finance function’s supervisory bodies, organized around three categories: permanent bodies (or committees); ● coordination and reporting bodies: these comprise key managers ● from the Finance function or key managers from each business line department with Finance duties (Finance Control, Accounting, Cash Management, Asset/Liability Management and Tax); temporary bodies that manage and coordinate projects with ● well-defined time frames. In order to ensure the transparency and security of the system, these bodies are formally governed by regulations that define the operation,

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Registration document 2018