NATIXIS - Document d'enregistrement universel et rapport financier annuel 2020

FACTEURS DE RISQUES, GESTION DES RISQUES ET PILIER III Facteurs de risques

+;NCRCM ?MN J;L ;CFF?OLM ?RJIMw? ;O LCMKO? >? =SwMCAH? OH ?HM?Gf;=N?M G;FP?CFF;HNM ?N IO @L;O>OF?OR Mf;JJOS;HN MOL >?M GIS?HM HOGwLCKO?M ;@CH >f;NN?CH>L? F?M >IHHw?M J?LMIHH?FF?M <;H=;CL?M ;MMOL;HNC?FF?M N?=BHCKO?M IO MNL;NwACKO?M F?M NL;CN?G?HNM ?N F?M ONCFCM;N?OLM JIOL JILN?L MCAHC@C=;NCP?G?HN JLwDO>C=? r OH? ?HNL?JLCM? M?M ?GJFISwM M?M J;LN?H;CL?M M?M =FC?HNM ?N M?M =IHNL?J;LNC?M )? J;NLCGICH? CH@ILG;NCIHH?F >?M ?HNL?JLCM?M ?MN ?RJIMw r >?M G?H;=?M =IGJF?R?M ?N wPIFONCP?M MOM=?JNCfCGJ;=N?L >? G;HCvL? MCAHC@C=;NCP? ?H N?LG?M @CH;H=C?LM =IGG? ?H N?LG?M >? LwJON;NCIH NION?M F?M ?HNL?JLCM?M ?N HIN;GG?HN F?M wN;O M?=N?OL <;H=;CL? ); JLI@?MMCIHH;FCM;NCIH >?M ILA;HCM;NCIHM =LCGCH?FF?M r FfILCACH? >?M =SOCN F?M ;ONILCNwM LwAF?G?HN;CL?M ?N >? MOJ?LPCMCIH r CHP?MNCL F? =B;GJ >? F; A?MNCIH >?M LCMKO?M &H@ILG;NCIH IGGOHC=;NCIH ?N 1?=BHIFIAC? & 1 ); JLwP?HNCIH >O LCMKO? >? =S? G?NNL? ?H `OPL? F?M FCAH?M >CL?=NLC=?M wN;fOH? =IIJwL;NCIH ?HNL? M?M @CFCvL?M 0SMNvG?M >f&H@ILG;NCIH 0& ?N 0w=OLCNw >?M 0SMNvG?M >f&H@ILG;NCIH 00& =? KOC ; =IH>OCN r FfwF;fOH? =;LNIAL;JBC? >?M LCMKO?M FCwM r F; Mw=OLCNw >?M MSMNvG?M >fCH@ILG;NCIH ;CHMC KOfr OH P;MN? JLIAL;GG? >? M?HMC? Ff?HM?G?M =IFF;? Mw=OLCNw >O 0& "Hn ;O=OH CH=C>?HN FCw r F; =SfCGJ;=N >w@;PIL;? +;NCRCM 1ION?@ICM =IGJN? N?HO >? F; H;NOL? wPIFONCP? ?N >? F; MIJBCMNC=;NCIH >?M =Sw=LCN?M =C >?MMOM JIOLL;C?HN H? J;M xNL? MO@@CM;HN?M r Ff;P?HCL JIOL JLINwA?L JF?CH?G?HN +;NCRCM M?M ?GJFISwM M?M J;LN?H;CL?M IO M?M =FC?HNM ); MOLP?H;H=? >? N?FF?M ;NN;KO?M JIOLL;CN J?LNOL? +;NCRCM ?HNL;{H?L Ff;FNwL;NCIH IO F; >CPOFA;NCIH >? >IHHw?M =IH@C>?HNC?FF?M IO =;OM?L >?M CHN?LLOJNCIHM >f;=NCPCNw ?N JFOM F;LA?G?HN ;PICL OH CGJ;=N MCAHC@C=;NC@ >w@;PIL;f?R?GJF? +;NCRCM ; wNw =IH=?LHw? >? G;HCvL? G;LACH;F? J;L F?M @;CFF?M >? Mw=OLCNw KOC IHN ;@@?=Nw >? G;HCvL? =LCNCKO? =?LN;CHM JLI>OCNM >? Ffw>CN?OL CNLCR ?H D;HPC?Ln J;L FfCH>CMJIHC? JFOMC?OLM M?LPC=?M >? F; MI=CwNw >? FIAC=C?FM @CH;H=C?LM #CH;MNL; ?H L;CMIH >fOH L;HMIGQ;L? ?H G;LMn ?N J;L F; =S? M?LPC=?M FCHAOCMNCKO?M 2w=?GC@@C=OFNwM IJwL;NCIHH?FF?M MIHN wA;F?G?HN MOM=?JNC? MOLP?HCL MOCN? r >?M wPwH?G?HNM CGJLwPOM IO =;N;MNLIJBCKO?M N?FM KO? >?M ;NN;KO?M N?LLILCMN?M >?M =;N;MNLIJB?M H;NOL?FF?M IO OH? =LCM? M;HCN;CL? CGJILN;HN? "Hn +;NCRCM ; >wGIHNLw M; =;J;=CNw >? LwMCFC?H=? @;=? r F; J;H>wGC? ,3&! ?N ; MO @;CL? @;=? ;OR JB;M?M MO==?MMCP?M >? F; =LCM? 0C >?M CH=C>?HNM GCH?OLM IHN wNw =IHMN;NwM Hw=?MMCN;HN Ff?HA;A?G?HN >? GIS?HM ?N >? L?MMIOL=?M ;>>CNCIHH?FM FCGCNwM JIOL @;CL? @;=? r =?NN? MCNO;NCIH ?R=?JNCIHH?FF? NIOM F?M ;=N?OLM ?H =B;LA? >? F; A?MNCIH IJwL;NCIHH?FF? >? F; =IHNCHOCNw IHN =IFF?=NCP?G?HN =IHNLC?M ;=NCPCNwM >?M GwNC?LM ?N @IH=NCIHM MOJJILN ); LwMCFC?H=? >? +;NCRCM >;HM F?M >IG;CH?M N?=BHIFIACKO?M ?N FIACMNCKO?M ; J?LGCM >f;==IGJ;AH?L F? >CMJIMCNC@ >? NL;P;CF r >CMN;H=? ?H G;CHN?H;HN MOL MCN? F? GCHCGOG >fwKOCJ?M ?MM?HNC?FF?M r F; JLIN?=NCIH >?M =IFF;?M MSMNvG?M >fCH@ILG;NCIH ?N F; M€L?Nw >?M MCN?M +;NCRCM H? J?ON A;L;HNCL KO? >?M CHN?LLOJNCIHM >?M >w@;CFF;H=?M >? M?M MSMNvG?M >? =IGGOHC=;NCIH ?N >fCH@ILG;NCIH IO >? MSMNvG?M >? NC?LM IO KOfOH? PCIF;NCIH >? M?M MSMNvG?M >fCH@ILG;NCIH H? M? JLI>OCLIHN J;M IO MC ?FF?M M? JLI>OCM?HN KOf?FF?M M?LIHN CGGw>C;N?G?HN LwMIFO?M M;HM CGJ;=N JIOL F; <;HKO? ); MOLP?H;H=? >fOH IO JFOMC?OLM wPwH?G?HNM >w=LCNM =C >?MMOM JIOLL;CN ?H ?@@?N ?HA?H>L?L OH G;HKO? r A;AH?L ?HNL;{H?L >?M =I€NM ;>>CNCIHH?FM ;CHMC KO? >?M J?LN?M ?N HOCL? r F; LwJON;NCIH >? +;NCRCM

Une détérioration de la réputation de Natixis pourrait affecter sa position concurrentielle et impacter négativement sa situation financière ); LwJON;NCIH >? +;NCRCM ?MN FfOH >?M wFwG?HNM >wN?LGCH;HNM FOC J?LG?NN;HN >f?R?L=?L MIH ;=NCPCNw +;NCRCM fBOC >fOH? LwJON;NCIH FOC J?LG?NN;HN >f?HNL?N?HCL >?M L?F;NCIHM >? =IH@C;H=? ;P?= M?M =FC?HNM M?M =IFF;fOH IO JFOMC?OLM >?M LCMKO?M G?HNCIHHwM >;HM F; JLwM?HN? M?=NCIH OH G;HKO? >? NL;HMJ;L?H=? IO >?M ?LL?OLM >;HM F; =IGGOHC=;NCIH JIOLL;C?HN CGJ;=N?L F; LwJON;NCIH >? +;NCRCM ?M LCMKO?M >? LwJON;NCIH MIHN ;ODIOL>fBOC ;==LOM >O @;CN >? FfONCFCM;NCIH =LICMM;HN? >?M LwM?;OR MI=C;OR J;L Ff?HM?G?M ;=N?OLM >? F; MJBvL? w=IHIGCKO? ,ONL? FfCGJ;=N HwA;NC@ JLIJL? KOf?FF? CH>OCN NION JLwDO>C=? JILNw r F; LwJON;NCIH >? +;NCRCM JIOLL;CN Mf;==IGJ;AH?L >fOH? J?LN? >f;=NCPCNw >fOH? =BON? >? F; P;F?OL >? G;L=Bw >O NCNL? >? +;NCRCM ?N= MOM=?JNC? J?M?L MOL M; MCNO;NCIH @CH;H=CvL? =?N wA;L> % , * @CFC;F? >? $?MNCIH >f;=NC@M >? +;NCRCM KOC ; wNw =IH@LIHNw? r >?M LCMKO?M >fCFFCKOC>CNw >? =?LN;CHM @IH>M ?H ?MN OH? CFFOMNL;NCIH ?N ; @ILN?G?HN CGJ;=Nw r F; <;CMM? F? =IOLM >?M ;=NCIHM +;NCRCM "H >w=?GwGC? >? JH?OGIHC?M >f;FFOL? PCL;F? ?MN ;JJ;LO? ?H BCH? KOC ; =IH>OCN F? nD;HPC?L Ff,LA;HCM;NCIH *IH>C;F? >? F; 0;HNw r ;HHIH=?L I@@C=C?FF?G?HN F; >w=IOP?LN? >fOH HIOP?;O =ILIH;PCLOM L?MJIHM;? =?NN? HIOP?FF? G;F;>C? ;JJ?Fw? ,3&! ILIH;3&LOM !CM?;M? ? PCLOM Mf?MN J;L F; MOCN? JLIJ;Aw >;HM >? HIG? ?N ; =IH>OCN Ff,LA;HCM;NCIH GIH>C;F? >? F; M;HNw r KO;FC@C?L ?H G;LMn F; MCNO;NCIH >? J;H>wGC? ?NN? J;H>wGC? ?N F?M G?MOL?M JLCM?M J;L F?M >C@@wL?HNM AIOP?LH?G?HNM ?N F?M <;HKO?M =?HNL;F?M >;HM >? HIG? @LIHNCvL?M L?MNLC=NCIHM >? >wJF;=?G?HNM G?MOL?M >? =IH@CH?G?HNi IHN ?O ?N >?PL;C?HN =IHNCHO?L r ;PICL >?M CGJ;=NM JIN?HNC?FF?G?HN >w@;PIL;C;F? fCH=?LNCNO>?M >?G?OL?HN HIN;GG?HN ;O L?A;L> >? F; >OLw? >? F; J;H>wGC? >O >wJFIC?G?HN >?M P;==CHM ?N >? Ff?@@?N >?M JIFCNCKO?M w=IHIGCKO?M ?N GIHwN;CL?M G?Hw?M ); J;H>wGC? >? ,3&! ; ?HA?H>Lw >?M J?LNOL<;NCIHM JIOL F?M =FC?HNM F?M @IOLHCMM?OLM ?N F? J?LMIHH?F >C@@C=OFNwM >? JLI>O=NCIH J?LNOL<;NCIH >?M =B;{H?M >f;JJLIPCMCIHH?G?HN L;F?HNCMM?G?HN >?M CHP?MNCMM?G?HNM =BI=M >fI@@L? ?N >? >?G;H>?i ;S;HN LwMOFNw ?H OH L;F?HNCMM?G?HN G;LKOw >? Ff;=NCPCNw w=IHIGCKO? )fCGJ;=N @CH;F MOL Ffw=IHIGC? ?N F?M G;L=BwM @CH;H=C?LM r Ffw=B?FF? GIH>C;F? >wJ?H>L; F;LA?G?HN >? FfCHN?HMCNw >? F; J;H>wGC? ?N >?M ?@@?NM MOL Ffw=IHIGC? >?M >w=CMCIHM JLCM?M J;L F?M ;ONILCNwM ?H G;NCvL? >? L?F;H=? ?N >? FCGCN;NCIH >? F; JLIJ;A;NCIH >O PCLOM -;L ?R?GJF? F?M HIOP?FF?M G?MOL?M >? =IH@CH?G?HN Lw=?GG?HN ;HHIH=w?M J;L >C@@wL?HNM AIOP?LH?G?HNM JIOLL;C?HN xNL? >? H;NOL? r ;@@?=N?L F; PC? MI=C;F? ;CHMC KO? F?M =IH>CNCIHM >? NL;P;CF >? JLI>O=NCIH ?N JFOM AwHwL;F?G?HN Ff?HPCLIHH?G?HN w=IHIGCKO? ); J;H>wGC? >? ,3&! ?MN MOM=?JNCf;PICL OH CGJ;=N >w@;PIL;? +;NCRCM MIH ?HPCLIHH?G?HN @CH;H=C?L F? LwMOFN;N >? M?M IJwL;NCIHM M?M J?LMJ?=NCP?M MIH =;JCN;F ?N M?M HIN;NCIHM @CH;H=CvL?M CH=FO;HN >?M =B;HA?G?HNM JIMMC? J?LMJ?=NCP? IO >? HIN;NCIH Risques stratégiques et d’activité La pandémie de COVID-19 en cours pourrait affecter défavorablement l’activité, les opérations et les performances financières de Natixis

3

115

www.natixis.com

NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020

Made with FlippingBook Publishing Software