FACTEURS DE RISQUES, GESTION DES RISQUES ET PILIER III Gestion des risques
Gestion du bilan 3.2.7
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D;=?HN?M ;OR =;F=OFM >?M CH>C=;N?OLM >? A?MNCIH ?N >? MOCPC >?M LCMKO?M MNLO=NOL?FMn;P;HN CHMNLO=NCIH ;O =IGCNw $ - MNL;NwACKO? $LIOJ? >? FfILA;H? =?HNL;Fn F; P;FC>;NCIH >?M FCGCN?M CHN?LH?M JILN;HN MOL F?M CH>C=;N?OLM )*n V F?M FCGCN?M AFI<;F?M $LIOJ? ;FFIOw?M r +;NCRCM wN;HN >w@CHC?M J;L - "n F; P;FC>;NCIH >? F; JIFCNCKO? AFI<;F? >? L?@CH;H=?G?HN ?H V =IIL>CH;NCIH ;P?= Ff )* - "n F; MOJ?LPCMCIH >? F; A?MNCIH >?M LCMKO?M MNLO=NOL?FM >? ?JOCM F; A?MNCIH >O LCMKO? >? F?PC?L ?R=?MMC@n F; MOLP?CFF;H=? >?M AL;H>M wKOCFC? ? F?OL wPIFONCIH V )? JwLCGvNL? >? MOCPC >O =IGCNw $ - JILN? MOLnF? w JLO>?HNC?F >? +;NCRCM @CH >? G?H?L r ? JIOPICL ;JJFCKO?L F?M AL;H>M JLCH=CJ?M >? A?MNCIH ?N >? =IHNL~F? )* F? =IGCNw )* >wFvAO? =?LN;CH?M L?MJIHM;CL?=NCIH >? F; $?MNCIH @CH;H=CvL? JL?GCvL? FCAH? >? >w@?HM?n V F? >wJ;LN?G?HN )* ?MN A;L;HN >? Ff;=NO;FCM;NCIH >?M JLCH=CJ?M V )* >?M HILG?M =IHP?HNCIHM ?N FCGCN?M &F F?M MIOG?N ;O =IGCNw $ - MIOM =IHNL~F? >? F; >CL?=NCIH >?M /CMKO?M ?N ;MMOL? F; A?MNCIH >?M LCMKO?M MNLO=NOL?FM >? w? ?N F? L?MJ?=N >?M FCGCN?M AFI<;F?M )* >IHN CF ; F; L?MJIHM;? FCKOC>CNw LwAF?G?HN;CL?M ?N F? L;NCI >? F?PC?L F? >wJ;LN?G?HN 1LwMIL?LC? JIIF =IGGOH >? L?@CH;H=?G?HN V L;NN;=Bw r F; >CL?=NCIH >? F; $?MNCIH @CH;H=CvL? ?N MOJ?LPCMw J;L F; A?MNCIH @CH;H=CvL? >? - " ?MN ?H =B;LA? >? =IOPLCL F?M ? L?@CH;H=?G?HN >?M GwNC?LM >? AwL?L IJwL;NCIHH?FF?G?HN F; FCKOC>CNw >;HM F? =;>L? >?M FCGCN?M KOC FOC MIHN >w>Cw?M >? G?NNL? ?H `OPL? F; JIFCNCKO? >? L?@CH;H=?G?HN r GIS?H N?LG? >? +;NCRCM >w=C>w? J;L F? =IGCNw $ - ?N >? AwL?L IJwL;NCIHH?FF?G?HN F? L?MJ?=N >O L;NCI LwAF?G?HN;CL? >? FCKOC>CNwn r F; >CL?=NCIH >?M LCMKO?M ?H =B;LA? >? FfwP;FO;NCIH CH>wJ?H>;HN? V >O >CMJIMCNC@ >? MOCPC >?M LCMKO?M MNLO=NOL?FM >? ?M =IHNL~F?M >? M?=IH> HCP?;O MOL F?M CH>C=;N?OLM )* ?N NLwMIL?LC? >wJ;LN?G?HN >w>Cw 0 0/ >? F; P;FC>;NCIH >?M GwNBI>?M )* C>?HNC@Cw?M ?H N;HN KO? GI>vF? >wJ;LN?G?HN >w>Cw */ /$ )?M FCGCN?M >w@CHC?M >;HM F? =;>L? >O >CMJIMCNC@ >? Ff;JJwNCN ;OR LCMKO?M MIHN JLIJIMw?M J;L F; >CL?=NCIH >?M LCMKO?M ?N P;FC>w?M J;L F? =IHM?CF >f;>GCHCMNL;NCIH
Gestion du risque de liquidité
3.2.7.2
et de refinancement
Objectifs et politique IHHp?M =?LNC@Cp?M J;L F?M =IGGCMM;CL?M ;OR =IGJN?M ;O NCNL? >`%"./h +;NCRCM ?MN ;@@CFCw? r FfILA;H? =?HNL;F >?M ;CMM?M >f"J;LAH? ?N >?M ;HKO?M -IJOF;CL?M - " ;O M?HM >O I>? GIHwN;CL? ?N @CH;H=C?L )f;LNC=F?n) n
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NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020