BPCE - 2020 Universal Registration Document

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RISK FACTORS & RISK MANAGEMENT

OPERATIONAL RISKS

€48 million per claim and per year, solely reserved for b) “Global Banking” risk, €25 million per claim and per year, solely reserved for c) “Professional Civil Liability” risk, €70 million per claim and per year, combined “Global d) Banking/Professional Civil Liability” insurance available in addition to or after use of the amounts guaranteed set out in b) and/or c) above. The maximum amount that can be paid out for any one claim under this arrangement is €118.5 million under “Professional Civil Liability” coverage and €119 million under “Fraud” coverage in excess of the applicable deductibles. “Regulated Intermediation Liability” (in three areas: Financial B/ Intermediation, Insurance Intermediation, Real Estate Transactions/Management) with a total maximum payout of €10 million per claim and per year. “Operating Civil Liability” covering €100 million per claim, as C/ well as a “Subsidiary Owner Civil Liability”/”Post Delivery-Reception Civil Liability” coverage extension for up to €35 million per claim and per year of insurance.

“Company Directors Civil Liability” for up to €200 million per D/ claim and per year of insurance. “Property Damage” to “RegisteredOffices & Similar” and to E/ their content (including IS equipment) and the consecutive “losses in banking activities,” for up to €400 million per claim. “Protection of Digital Assets against Cyber-Risks” & the F/ consecutive “losses in banking activities,” for up to €140 million per claim and per year of insurance. This coverage extends worldwide for initial risk or umbrella risk, subject to certain exceptions, mainly in terms of “Professional Civil Liability” where the policy does not cover permanent institutions based in the United States (where coverage is obtained locally by Natixis’ US operations). All the insurance policies mentioned above were taken out with reputable, creditworthy insurance companies and in excess of the deductibles and Groupe BPCE’s risk-retention capacity. All the insurance policies mentioned above were taken out with reputable, creditworthy insurance companies and in excess of the deductibles and Groupe BPCE’s risk-retention capacity.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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