FACTEURS DE RISQUES, GESTION DES RISQUES ET PILIER III Informations au titre du Pilier III de Bâle 3
B – Ratios Réserves et gestion opérationnelles des ratios Réserves opérationnelles de liquidité +;NCRCM >CMJIM? MOL F? JF;H IJwL;NCIHH?F >? LwM?LP?M >? FCKOC>CNw KOC J;LNC=CJ?HN r =?FF?M >O $LIOJ? - "n >?M LwM?LP?M >f;=NC@M FCKOC>?M wFCACf;==vM ;OR @;=CFCNwM >? NCL;A?M ?N >? >wJ~NM >? F; ;HKO? >? #L;H=? >? F; /wM?LP? #w>wL;F? ;GwLC=;CH? ?N >? F; ;HE I@ ';J;Hn OH? LwM?LP? =ILL?MJIH>;HN r F; FCKOC>CNw F?Pw? ?H ;P;H=? JIOL @;CL? V @;=? r OH? =LCM? >? FCKOC>CNw N?FF? KO? =?FF? MCGOFw? J;L F? ) /n ?FF? ?MN JLCH=CJ;F?G?HN =IGJIMw? >? =;MB >wJIMw ;OR @;=CFCNwM >? >wJ~N ;HKO? ?HNL;F? 2H? J;LNC? >? =?NN? LwM?LP? ?MN ;FFIOw? MOL OH JILN?@?OCFF? >? NCNL?M %.) >? HCP?;On ?Nn >IHN F; A?MNCIH ?MN MOJ?LPCMw? J;L F? =IGCNw Yn O@@?Ln^ JLwMC>w J;L >?OR G?GO =IGCNw >? >CL?=NCIH AwHwL;F? L?MJ?=NCP?G?HN ?H =B;LA? >? F; @CH;H=? ?N >?M LCMKO?M ?N CHNwALw? >;HM F? Yn)CKOC>CNS *;H;A?G?HN -F;Hn^ )*- ?NN? LwM?LP? CH=FON OH? LwM?LP? JILNw? J;L F; JF;N?@ILG? ;GwLC=;CH? =IGJIMw? >? =;MB >? NCNL?M %.) ?N >? =Lw;H=?M ?N >wN?HO? >;HM F? =;>L? >? F; LwAF?G?HN;NCIH Yn!I>>
#L;HE "HB;H=?> -LO>?HNC;F 0N;H>;L>n^f ?N >O JLIAL;GG? Yn ILLIQ?L
CH
OMNI>Sn^ -;L ;CFF?OLM F?M ;=NC@M %.) L?JILNwM ;O HOGwL;N?OL >O ) / =IGJL?HH?HN F?M NCNL?M %.) HIH ?H=IG? G;L=BwM ?M NCNL?M H? MIHN J;M =IHMC>wLwM =IGG? ;JJ;LN?H;HN r F; LwM?LP? >? FCKOC>CNw M;H=NO;LCMw? ?N HfIHN J;M PI=;NCIH r xNL? >wN?HOM >? @;uIH >OL;? =?M JILN?@?OCFF?M J?OP?HN P;LC?L M?HMCfOH? >;N? >? MCNO;NCIH r OH? ;ONL? ?H @IH=NCIH >? Ff;=NCPCNw &FM L?MN?HN J;L@;CN?G?HN GIHwNCM;? F; J?HMCIH FCPLw? ?N >O JLxN ?GJLOHN >? NCNL?M ?N =?NN? GIHwNCM;NCIH J?ON HIN;GG?HN xNL? @IL=w? >;HM F? =;M >? Ff;=NCP;NCIH >O - FCKOC>CNw $LIOJ? ?N >? MIH ?Rw=ONCIH O
>?Fr >? =?M =IOMMCHM F; JIFCNCKO? CHN?LH? ?H G;NCvL? >? JF;=?G?HN >?M ?R=w>?HNM >? FCKOC>CNw LwMC>O?FM PCM? MICN r F?M F;CMM?L r F; @;=CFCNw >? >wJ~NM ;@CH >? F?M G;CHN?HCL >CMJIHCIH= wA;F?G?HN ;O GIHN;HN >?M ;=NC@M >w=F;LwM ;O HOGwL;N?OL >O ) / MICN r F?M >IHH?L r FfILA;H? =?HNL;F - "
Pilotage du ratio de liquidité court terme !?JOCM DOCHn +;NCRCM ; GCM ?H JF;=? OH? AIOP?LH;H=? JIOL F; A?MNCIH >O L;NCI ) / ?H @CR;HN HIN;GG?HN OH? FCGCN? >? ) / MOJwLC?OL? )? JCFIN;A? >O L;NCI ) / J;LNC=CJ? >fOH? >wG;L=B? $LIOJ? - " JF;=w? MIOM FfwAC>? >? F; !#$ - " IHMw=ONCP?G?HN F; =IOP?LNOL? >O ) / >? +;NCRCM Mf?@@?=NO? ?H wNLICN? =IFF;? L?@CH;H=?G?HN MOL >wFwA;NCIH >? F; >CL?=NCIH >? F; $?MNCIH @CH;H=CvL? MOL F; <;M? >? M?M ?MNCG;NCIHM >f;NN?LLCMM;A? !;HM =? =;>L? ;OR ? +;NCRCM F? ) / ?MN AwLw ;O KOINC>C?H ;P?= OH? G;LA? >? Mw=OLCNw PC; >?M ;DOMN?G?HNM ;P?= - " F; MOL=IOP?LNOL? MNLO=NOL?FF? >O ) / $LIOJ? L?MN;HN AwLw? ?N JILNw? J;L FfILA;H? =?HNL;F - " Suivi des clauses dites de « rating triggers » "H =;M >? LwPCMCIH r F; <;CMM? >? F; HIN;NCIH ?RN?LH? >? MIH =Lw>CN FILMKO? F?M =IHNL;NM =IH=FOM =IGJILN?HN >?M =F;OM?M >CN?M >? Yn/;NCHA 1LCAA?LMn^ F; ;HKO? J?ON xNL? ;G?Hw? r @IOLHCL >?M ML?NwM MOJJFwG?HN;CL?M ;OR CHP?MNCMM?OLM MIOM @ILG? >? FCKOC>CNw IO >? NCNL?M "H J;LNC=OFC?L >;HM F? =;>L? >O =;F=OF >? )CKOC>CNS IP?L;A? /;NCI Yn) /n^ F?M GIHN;HNM >? =?M MILNC?M MOJJFwG?HN;CL?M >? NLwMIL?LC? ?N =?M ?HN ;O P?LM?G?HN ;OKO?F F; <;HKO? M?L;CN MIOGCM? >;HM F?M nDIOLM =;F?H>;CL?M ?H =;M >fOH ;<;CMM?G?HN >? M; HIN;NCIH >? =Lw>CN ;FF;HN DOMKOfr NLICM =L;HM Politique de rémunération 3.3.6 )?M wFwG?HNM L?KOCM ;O NCNL? >? F; JIFCNCKO? >? LwGOHwL;NCIH J;L F?nLvAF?G?HN 2"
// MIHN JLwM?HNwM >;HM F? =B;JCNL?n8 9 >O JLwM?HN >I=OG?HN >f?HL?ACMNL?G?HN OHCP?LM?F
3
221
www.natixis.com
NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020