BPCE - 2019 RISK REPORT Pillar III

8

MARKET RISK POLICY MARKET RISKS

Market risk policy 8.1

Risk policies governing market transactions are defined by the Risk Management divisions of institutions with trading activities. These policies are based on a qualitative and forward-looking perspective.

For banking book activities, investment policies at Group level are defined and reviewed centrally for Group institutions with market risk activities. The risk management framework related to this activity is defined in accordance with investment policies and is reviewed annually.

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RISK REPORT PILLAR III 2019 | GROUPE BPCE

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