BPCE - 2019 RISK REPORT Pillar III
4
CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
SCOPE OF APPLICATION
Scope of application 4.2
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:
Coface; • Natixis Assurances; • Compagnie Européenne de Garanties et de Cautions; • Prépar-Vie; • Prépar-IARD; • Oney Insurance; • Oney Life. • 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; •
TABLE 1 – 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, 2019.
BPCE statutory scope
Prudential restatements
BPCE prudential scope
Assets at 12/31/2019 in millions of euros
Cash and amounts due from central banks Financial assets at fair value through profit or loss
80,244 218,767 24,667 42,991
85 (2)
80,329 218,765 24,670 42,991
O/w debt instruments • O/w equity instruments •
3
O/w loans (excluding repurchase agreements) •
7,846
(20)
7,826
80,921 47,552 14,790
80,921 47,567 14,790
O/w repurchase agreements • O/w trading derivatives • O/w security deposits paid •
15
Hedging derivatives
9,286
9,286
Financial assets at fair value through other comprehensive income
44,630 28,922 89,656 693,257
96 28
44,726 28,950 88,978 696,214
Securities at amortized cost
Loans and receivables due from banks at amortized cost Loans and receivables due from customers at amortized cost Revaluation differences on interest rate risk-hedged portfolios
(678) 2,957
7,673
7,673
Insurance business investments
119,046
(118,282)
764 810
Current tax assets Deferred tax assets
864
(54)
3,597
(230) (233)
3,367
Accrued income and other assets Non-current assets held for sale
24,326
24,093
578
578
Investments in associates
4,247
4,135
8,382
Investment property
769
769
Property, plant and equipment
6,448 1,089 4,665
(147) (268) (332)
6,301
Intangible assets
821
Goodwill
4,333
TOTAL
1,338,064
(112,925)
1,225,139
44
RISK REPORT PILLAR III 2019 | GROUPE BPCE
www.groupebpce.com
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