BPCE - 2018 Risk report / Pillar III
3 CAPITAL MANAGEMENT AND CAPITAL ADEQUACY Scope of application
Scope of application 3.2
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; ●
TABLE 1 – 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, 2018.
Assets at 12/31/2018 in millions of euros
BPCE statutory scope
Prudential restatements
BPCE prudential scope
Cash and amountsdue from centralbanks Financialassetsat fair value throughprofit or loss
76,458 200,516 22,322 25,713
95 (4) 20
76,553 200,512 22,342 25,713
o/w debt instruments - o/w equityinstruments -
-
o/w loan book -
7,590
(30)
7,560
o/w repurchaseagreements - o/w derivative financial instruments -
83,115 45,867 15,909
-
83,115 45,872 15,910
6 0
Security deposits paid -
Hedgingderivatives– PositiveFV
8,160
-
8,160
Financialassetsat fair value throughother comprehensiveincome
40,088 31,776 91,142 659,281
89 24
40,177 31,800 90,100 662,216
Debt securities atamortizedcost
Loans and receivablesdue from creditinstitutions Loans and receivablesdue from customers
(1,041) 2,934
Revaluation differenceson interestrate risk-hedged portfolios
5,480
0
5,480
Insurancebusiness investments
110,295
(109,536)
759 799
Currenttax assets Deferred tax assets
873
(74)
3,174
(199) (234)
2,975
Accrued incomeand other assets Non-current assetsheld for sale
29,123
28,889
2,639
- -
2,639
Deferred profit-sharing Investments in associates
-
-
4,033
3,552
7,585
Investmentproperty
783
0
783
Property, plantand equipment
4,419 1,198 4,489
(49)
4,370
Intangible assets
(242) (331)
957
Goodwill TOTAL
4,157
1,273,926
(105,014)
1,168,912
30
Risk Report Pillar III 2018
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