BPCE - 2018 Registration document

6 RISK REPORT

Capital management and capital adequacy

6.3.2

Scope of application

REGULATORY SCOPE Groupe BPCE is required to submit consolidated regulatory reports to the European Central Bank (ECB), the supervisory authority for euro zone banks. Pillar III is therefore prepared on a consolidated basis. The regulatory scope of consolidation is established based on the statutory scope of consolidation. The main difference between these two scopes lies in the consolidation method for insurance companies, which are accounted for by the equity method within the regulatory scope, regardless of the statutory consolidation method. The following insurance companies are accounted for by the equity method within the regulatory scope of consolidation:

Compagnie Européenne de Garanties et de Cautions; ● Prépar-Vie; ● Prépar-IARD; ● Nexgen Reinsurance Limited. ●

The following insurance companies are accounted for by the equity method within both the statutory and regulatory scopes of consolidation: CNP Assurances; ● Caisse de Garantie Immobilière du Bâtiment; ● Parnasse Garanties. ●

Surassur; ● Muracef; ● Coface; ● Natixis Assurances; ●

DIFFERENCES BETWEEN ACCOUNTING AND REGULATORY SCOPES OF CONSOLIDATION ➡ The table below shows the transition from an accounting balance sheet to a regulatory balance sheet for Groupe BPCE at December 31, 2018.

Assets at 12/31/2018 in millions of euros

BPCE statutory scope

Prudential restatements

BPCE prudential scope

Cash and amounts due from central banks Financial assets at fair value through profit or loss

76,458 200,516 22,322 25,713

95 (4) 20

76,553 200,512 22,342 25,713

o/w debt instruments - o/w equity instruments -

-

o/w loan book -

7,590

(30)

7,560

o/w repurchase agreements - o/w derivative financial instruments -

83,115 45,867 15,909

-

83,115 45,872 15,910

6 0

Security deposits paid -

Hedging derivatives – Positive FV

8,160

-

8,160

Financial assets at fair value through other comprehensive income

40,088 31,776 91,142 659,281

89 24

40,177 31,800 90,100 662,216

Debt securities at amortized cost

Loans and receivables due from credit institutions Loans and receivables due from customers

(1,041) 2,934

Revaluation differences on interest rate risk-hedged portfolios

5,480

0

5,480

Insurance business investments

110,295

(109,536)

759 799

Current tax assets Deferred tax assets

873

(74)

3,174

(199) (234)

2,975

Accrued income and other assets Non-current assets held for sale

29,123

28,889

2,639

- -

2,639

Deferred profit-sharing Investments in associates

-

-

4,033

3,552

7,585

Investment property

783

0

783

Property, plant and equipment

4,419 1,198 4,489

(49)

4,370

Intangible assets

(242) (331)

957

Goodwill TOTAL

4,157

1,273,926

(105,014)

1,168,912

618

Registration document 2018

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