BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT Controls of accounting and financial reporting quality

Controls of accounting and financial 5.8 reporting quality

5.8.1

Roles and responsibilities in preparingand processing accounting

and financial information

GENERAL PRINCIPLES OF RESPONSIBILITY WITHIN GROUPE BPCE The Finance functions of entities included in the Group’s scope of consolidation produce accounting and financial information and perform controls aimed at ensuring the reliability of this information. Each entity has the resourcesto ensure the quality of accountingand financial data, particularly by seeing that regulations and Group standards are being properly implemented, and reconciling accounting and operating results, where applicable. Each entity prepares, on a monthly or quarterly basis, financial statements and regulatory information required at the local level, along with reporting documents for the Group Finance and Strategy division. At Groupe BPCE, the preparation and processing of financial and accounting information falls under the responsibility of the Finance function.In the central institution,this functionis coordinatedby the Group Finance and Strategy division (within the Finance, Group Strategy, Corporate Secretary’s Office – Legal Affairs division) consisting of: the Group Financedivision; ● the Group Steeringand Strategy division; ● the Group Accounting division; ● the Group Taxdivision. ● The Group Finance and Strategy division collects the accountingand financial data produced by the entities within the Group’s scope of consolidation.It is also responsiblefor the consolidationand control of this data for use in Group oversight and communicationto third parties (control bodies, investors, etc.). In additionto consolidatingaccountingand financialinformation,the Group Financeand Strategy divisionhas broad control duties: it coordinates asset-liabilitymanagement by defining the Group’s ● ALM rules and standards and ensuring they are properly applied; it manages and controls Groupe BPCE’s balance sheet ratios and ● structuralrisks; it defines accountingstandardsand principlesapplicableto Groupe ● BPCE and ensures they are properly applied; it coordinates the steering and reporting of the Group’s financial ● performance inaccordance with strategic plan objectives; it manages the Pillar II approach and related matters within the ● Group; it monitors the financial planning of Group entities and capital ● transactions;

it ensures the reliability of accounting and financial information ● disseminated outsideGroupeBPCE; it steersplanningand strategic operations. ●

MAIN FUNCTIONS, WITHIN THE CENTRAL INSTITUTION, CONTRIBUTING TO THE PREPARATION AND COMMUNICATION OF ACCOUNTING AND FINANCIAL DATA AND THEIR RESPONSIBILITIES The main functions involved in preparing and publishing accounting and financial information are Accounting, Finance Control and Investor Relations. Accounting The accounting function is responsible for producing the individual and consolidated financial statements (Groupe BPCE and BPCE SA group) and the corresponding regulatory filings (particularly COREP and FINREP). Within the Group, each entity’s accountingfunctionis responsiblefor its individualfinancialstatementsand, if warranted,the consolidated financial statements, its regulatory reports and disclosures to the central institution. Within BPCE, this role is assigned to the Group Accounting division, the head of which reports to the Chief ExecutiveOfficer in charge of Group Finance, Strategy, Legal Affairs and the Secretary’s Office of the Board. In this area, themain duties are: preparing the consolidated financial statements of Groupe BPCE ● and BPCE SA group, calculatingthe regulatoryratios and preparing the correspondingreports; coordinating the accounting process within the Group; ● providing a regulatory watch on French and IFRS ● standardsapplied by Groupe BPCE in coordinationwith shareholder institutions, BPCE subsidiaries and the Statutory Auditors; acting as the interface between the regulatory authorities (the ● EuropeanCentral Bank and the ACPR) and affiliatedinstitutions,in accordance with Article L. 512-107 of the French Monetary and Financial Code and ensuring that the affiliated institutionscomply with regulatory standards and management ratios; representing the Group in its dealings with industry bodies ● (Autorité des normes comptables, European Banking Federation,etc.); accounting

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Registration document 2017