BPCE_PILLAR_III_2017

GOVERNANCE AND RISK MANAGEMENT SYSTEM Recovery Plan

Recovery Plan 4.3

BPCE’s Supervisory Board approved the Group’s Recovery Plan (RP) for 2018. The plan is in line with Europeanregulatorymeasureson the recovery and resolution of banks and investment firms and the provisions of the FrenchMonetaryand Financial Code. The objective of the Recovery Plan is to identify measures to restore the Group’s financial solidity in the event it deteriorates significantly. The plan presents the options available to the Group to establish a crisis managementsystem. It assesses the relevance of the different options in various crisis scenarios and the methods and resources available for their implementation. The RecoveryPlan is mainlybased onthe: Group’sorganizationand the specificimplicationsof its cooperative ● status; identification of the Group’s critical responsibilities; ● capital and liquidity management systems; ●

analysis of financial crisis scenarios; ● mapping of the main entities and an analysis of their contribution ● in terms of capital adequacy, liquidity and earnings capacity; identificationof the options that will have a significantimpact on ● the recoveryof the Group’s financial situation; preventativemonitoring of leading indicators on the financial and ● economic situation; establishment of the organizational structures needed to ● implement the recovery. This system is monitored and coordinated by a permanent office at BPCE. The RecoveryPlan is kept up to date and approvedby the Supervisory Board, which is supported by its Risk Management Committee for these purposes. The Recovery Plan is updated annually.

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Risk Report Pillar III 2017