NATIXIS_REGISTRATION_DOCUMENT_2017

3

RISKS AND CAPITAL ADEQUACY

3.1 3.1.1 3.1.2 3.2 3.2.1 3.2.2 3.2.3 3.2.4 3.2.5 3.3 3.3.1 3.3.2 3.3.3 3.3.4 3.3.5 3.4 3.4.1 3.4.2 3.4.3 3.4.4 3.4.5 3.4.6 3.5 3.5.1 3.5.2 3.5.3 3.5.4 3.5.5 3.5.6 3.5.7 3.5.8

SUMMARY OF ANNUAL RISKS

3.6 3.6.1 3.6.2 3.6.3 3.7 3.7.1 3.7.2 3.7.3 3.7.4 3.8 3.8.1 3.8.2 3.8.3 3.8.4 3.8.5 3.9 3.9.1 3.9.2 3.9.3 3.9.4 3.9.5

SECURITIZATION TRANSACTIONS 139

100 100 101 109 109 110 110 111 111 113 113 114 114 115 117 118 118 118 121

Key risks figures

General policy

139 139 139 140 140 140 140 147 147 147 148 150 150 151 151 151 158 158 160 163 163 163 164 143

Risk factors

External ratingsystem Securitization vehicles MARKET RISKS Targets and policy

ORGANIZATION OF NATIXIS’ INTERNAL CONTROL SYSTEM Overview of the internal control system Control Functions Coordination Committee

Organization of marketrisk management Methodology for measuring market risk Market riskmanagementquantitative

First-level permanent controls Second-level permanentcontrols

Periodic controls

disclosure

GOVERNANCE AND RISK MANAGEMENT SYSTEM

OPERATIONAL RISKS

Targets and policy

General organization

Organization

Risk culture Risk appetite Risk typology Stress tests

Operational risk monitoring

Risk profile

Operational risk insurance

OVERALL INTEREST RATE, LIQUIDITY AND STRUCTURAL FOREIGN EXCHANGE RISKS

CAPITAL MANAGEMENT AND

CAPITAL ADEQUACY

Regulatory framework

Governance and structure

Prudential consolidation scope

Management of liquidity and funding risk

Composition of capital

Structural foreignexchange risk

Changes in regulatory capital, regulatory own fund requirements and ratios in 2017 123 Capital planning 125

Overall interestrate risk

Other information

NON-COMPLIANCE RISK 3.10 Organization of compliance 3.10.1 Employees and professionalethics 3.10.2

Other regulatory ratios

126

CREDIT AND COUNTERPARTY

RISKS

127 127 127 128 128 130 133 133 135

Customer protection 3.10.3 Financial security 3.10.4 164 IT Systems Security and BusinessContinuity 3.10.5 165 Personal data protection 3.10.6 166 LEGAL RISKS 3.11 167 Legal and arbitrationproceedings 3.11.1 167 Situation of dependency 3.11.2 169 OTHER RISKS 3.12 170 Risks related to Insurance activities 3.12.1 170 Strategy risk 3.12.2 173 Climate risk 3.12.3 173 Environmentaland social risks 3.12.4 173 AT-RISK EXPOSURES 3.13 174

Targets and policy

General principles ofapproval Counterparty riskmanagement

Rating system

Validation of internal models Credit riskmitigation techniques Commitment monitoringframework

Quantitative disclosures

99

Natixis Registration Document 2017