NATIXIS - 2018 Registration document and annual financial report

3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures

requirements (availability of assets, diversification, etc.) in a 30 calendar day liquidity stress scenario. The liquid asset buffer—in the regulatory sense—is the numerator of the LCR (HQLA) and predominantly consists of: Level 1 liquid assets, i.e. cash deposited with central banks; a other Level 1 liquid assets, consisting mainly of marketable a securities representing claims on, or guarantees by, sovereigns, central banks and public sector entities, and high-rated covered bonds; Level 2 liquid securities consisting mainly of covered bonds a and debt securities issued by sovereigns or public sector entities not eligible for Level 1, corporate debt securities and equities listed on active markets that satisfy certain conditions. Presentation of LCR at 31/12/2018 The data in the following table were calculated in accordance with European Banking Authority rules (EBA/GL/2017/11 guidelines), which the European Central Bank decided to enforce on October 5, 2017 by way of notification. For the purposes of these rules, the data published for each quarter show the average monthly figures for the twelve preceding statements.

requirement from 2018, is still under review; talks are underway under draft regulation CCR2 with a view to its implementation in the European Union. To date, European regulations require: compliance with the LCR as from October 1, 2015; required a minimum ratio of 80% on January 1, 2017 and 100% from January 1, 2018; quarterly statements on stable funding, which are entirely a descriptive (amounts and terms) without any weighting applied. Natixis determines its LCR on a consolidated basis and operationally manages its liquidity position and liquidity coverage requirements relative to these new metrics, having set a minimum ratio of 100%. Natixis regularly assesses its contribution to the Group’s NSFR based on its interpretation of known legislation. LCR – Liquid asset buffers Commission Delegated Regulation (EU) 2015/61 of October 10, 2014 defines liquid assets and the criteria they must meet to be eligible for the liquidity buffer used to cover funding needs in the event of a short-term liquidity crisis. Liquid assets must meet a number of intrinsic requirements (issuer, rating, market liquidity, etc.) and operational

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Natixis Registration Document 2018