BPCE_REGISTRATION_DOCUMENT_2017
3 RISK REPORT
Capital management and capital adequacy
3.3.2
Scope of application
REGULATORY SCOPE Groupe BPCE is required to submit consolidatedregulatoryreports to the European Central Bank (ECB), the supervisory authority for euro zone banks. PillarIII is therefore prepared on a consolidatedbasis. The regulatory scope of consolidation is established based on the statutory scope of consolidation.The main difference between these two scopes lies in the consolidationmethod for insurancecompanies, 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 withinthe regulatory scope of consolidation:
Coface; ● Natixis Assurances; ● 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 GarantieImmobilière duBâtiment; ● Parnasse Garanties. ●
Surassur; ● Muracef; ●
DIFFERENCES BETWEEN ACCOUNTING AND REGULATORY SCOPES OF CONSOLIDATION ➡ The table below shows the transition from an accounting balance sheet to aregulatory balance sheet for Groupe BPCE at December31, 2017.
Assets at 12/31/2017 in millions of euros
Prudential restatements
BPCE prudential scope
BPCE statutory scope
Cash andamountsdue from centralbanks Financialassetsat fair value throughprofit or loss
94,702 169,768 77,843 10,262 34,504 47,159 104,669 92,061 693,128 9,809
63
94,765 145,820 56,115
(23,949) (21,729) (2,011)
o/w securities portfolio -
o/w loan book -
8,251
o/w repurchaseagreements - o/w derivative financial instruments -
0
34,504 46,950
(209)
Hedgingderivatives
(1)
9,807
Available-for-salefinancial assets
(51,197) (1,535) (7,518)
53,472 90,526 685,610
Loans and receivablesdue from creditinstitutions Loans and receivablesdue from customers
Revaluation differenceson interestrate risk-hedged portfolios
5,805 7,834 4,551
0
5,805 5,179 4,387
Held-to-maturity financial assets Currenttax assets, deferredtax assets Accrued incomeand other assets
(2,655)
(163)
60,290
(13,367)
46,922
Assets heldfor sale Deferred profit-sharing Investments in associates
1,195
(698)
498
0
0
0
4,112 1,994 4,461 1,167 4,304
3,582 (1,204)
7,694
Investmentproperty
790
Property, plantand equipment
(49)
4,413
Intangible assets
(216) (331)
951
Goodwill TOTAL
3,972
1,259,850
(99,239)
1,160,611
132
Registration document 2017
Made with FlippingBook - professional solution for displaying marketing and sales documents online