Prospectus - Notowania

• optimising asset quality by minimising the cost of the related risks, in line with the
risk/profitability objectives assigned to the business areas; and
• defining the guidelines, policies and methodologies aimed at the measurement and control
of the aforementioned risks, in compliance with the normative and reference regulatory
provisions, internal and external.
The Group Risk Management function is broken down into the following departments:
• “Strategic Risk Management & Control” which is responsible for: (i) managing, at Group
level, activities connected with Basel II, including therein the measurement and definition
of limits for the risks provided for by the second pillar of the Basel II regulations and
coordination of the internal capital within the context of the ICAAP; (ii) supervising and
managing the overall profile of operational and reputational risk of the Group, defining the
relative strategies, methodologies and limits; (iii) assigning the rating for the most
significant Group exposures and managing the rating deviation process (so-called "rating
override”) (iv) validating the risk measurement models, regardless of the type of risk; (v)
taking care of the reporting for all risks, irrespective of the type and the originator; (vi)
developing and managing all Group policies on risks in the perimeter of competence of the
Group Risk Management department, regardless of the type and the originator; (vii)
providing support for the development, evolution and maintenance of information
technology infrastructures relative to risks just as with ensuring their adequacy from an IT
and data quality point of view.
• “Credit & Cross–Border Risks Portfolio Management”, which is responsible for
supervising and managing the overall profile of credit and cross-border risks of the Group,
defining the relative strategies, methodologies and limits.
• “Markets & Balance Sheet Risks Portfolio Management”, which is responsible for
supervising and managing the overall profile of market, balance sheet and liquidity risks of
the Group, defining all the relative strategies, methodologies and limits.
• “CIB & PB Risks”, responsible for all risks originating in the “CIB & PB” field, through
the evaluation of major exposures (corporate, banks, financial institutions, Private
counterparties), LPAC operations and special products just as with the evaluation and
monitoring, from the point of view of market, balance sheet, liquidity, operational and
reputational risks, of operations carried out in the trading book domain by CIB & PB SBA
with the focus on “markets” and “investment banking” products.
• “Retail Risks”, responsible for managing, monitoring, consolidating and supervising, also
by defining specific strategies and policies, all risks originating in the Retail Strategic
Business Area, just as with carrying out risk management activities on behalf of banks
(based on specific service contracts) that belong to the Retail Italy Network Business Unit.
• “Treasury Risks”, responsible, purely in operational terms, for the evaluation and
monitoring, from the point of view of credit, market and operational risks, for operations
completed in the field of the banking book and trading book of treasury portfolios, carried
out by the competent Group functions (with the exception of the perimeter of CEE
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