NATIXIS -2020 Universal Registration Document

RISK MANAGEMENT

Risk management: a key issue

The economic and financial crisis has shaken the global economy and financial markets and has had a very significant impact on risk management. Natixis has adapted its systemand implemented a series of measures to continue its business in a secure environment, protect the health of our employees and respond to new requests from its customers.

Risk governance

Natixis has set up a risk management system rolled out throughout the Company and supervised by the Board of Directors.

BOARD OF DIRECTORS and its specialized committees

SENIOR MANAGEMENT COMMITTEE

Main committees chaired by Senior Management contributing to risk supervision

Global Risks Committee

Culture & Conduct Committee

Specialized Risks Committees (Credit, Market, Operational, Model, etc.)

ALM Committee

BPCE

FIRST LINE OF DEFENSE

SECOND LINE OF DEFENSE

THIRD LINE OF DEFENSE

Control Functions Coordination

COMPLIANCE FUNCTION

Group Internal Control CoordinationCommittee (3 CIGs) and SpecializedCommittees

OPERATIONAL DEPARTMENTS Controls 1.1 (operational) Controls 1.2 (hierarchical/functional)

COMPLIANCE ITSS-BC

GENERAL INSPECTION

Committee (CFCC)

ITSS-BC FUNCTION

RISKS FUNCTION

RISKS

FINANCIAL CONTROL FUNCTION

PERMANENT FINANCIAL CONTROL LOD2

INTERNAL AUDIT FUNCTION

Permanent control under the responsibility of the Secretary General

Periodical controls

The business continuity and recovery plan field-tested The Compliance and Risk teams were at the forefront of deploying the Business Continuity Plan (BCP).

In a few days and at the height of the health crisis, 98% of employees were able to work remotely in a secure manner. This operation was facilitated thanks to the early adoption of teleworking, the equipment of employees with laptops and collaborative work training. More complex and unprecedented situation for market and treasury activities. Market operators have had to adopt remote working and adapt to this new environment in a context of high market volatility. This operation was successful thanks to a continuity system regularly tested by first and second level controls and recurring crisis management exercises.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020