Prospectus - Notowania

Except for what was described in detail in Chapter 4 of the Prospectus, at the date of the
Prospectus, no exceptional events had occurred which impacted the activities of the UniCredit
Group.
6.9. Reliance on patents or licences, industrial, commercial or financial contracts or on new
manufacturing procedures
UniCredit Group activities do not rely on patents or licences, industrial, commercial or
financial contracts or on new manufacturing procedures.
6.10. Risk management
The UniCredit Board of Directors establishes the strategic guidelines for the assumption of
risks by defining, based on the risk appetite and objectives of value creation in relation to the
risks assumed, the allocation of capital for said Issuer and for the Group companies.
In particular, the Group Risk Committee, with advisory and proposal functions, meets in order
to define the proposals of the Managing Director to the Board of Directors, with reference to:
• risk appetite of the Group including capitalisation objectives, capital allocation criteria,
risk assumption capacity, cost of equity and dividend policy as well as internal capital
limits;
• general strategies for risk optimisation, general guidelines and policies for Group risk
management;
• internal models for the measurement of all types of risk for the purposes of calculation of
regulatory capital;
• structure of limits per type of risk;
• strategic policies and funding plans;
• definition and periodic review of the reference framework relative to the ICAAP, the
relative perimeter of application and so as with the annual Regulatory Report;
• annual Regulatory Report on market, credit and operational risks.
The Group Risk Committee meets, with decision-making functions, for:
• the definition of the guidelines relating to the Group’s financial policies (asset and
liability management strategies, including the so-called financial duration profile – at
Group level);
• the allocation of risk to the individual business segments and to Group companies,
specific risk-related guidelines and strategies and the subsequent definition of limits for
the reaching of objectives in terms of risk appetite and limits per type of risk;
• methods for the measurement and control of aggregated Group risks (deriving from the
grouping together of individual types of risk);
- 144 -