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Unicredit Group Disclosure (Pillar III) As at 30 June 2020 I Content One Bank, One Team, One UniCredit. UniCredit Group Disclosure (Pillar III) as at 30 June 2020 I Content Contents cross reference to the regulatory disclosure requirements 3 Cross reference to the EDTF recommendations 3 Cross reference to the EBA requirements 7 Cross reference to the information required by CRR 9 Measures issued in the context of the Covid-19 outbreak, provided by the European regulatory authorities and National Member States 13 Scope of application 29 Own Funds 33 Total Loss Absorbing Capacity 52 Capital requirements 57 Credit Risk 69 Non-performing and forborne exposures 69 Use of standardised approach 83 Use of the IRB approach 89 Counterparty Risk exposure 101 Market Risk 113 Exposure and use of internal models 113 Equity exposures not included in the trading book 116 Exposures to interest rate risk on positions not included in the trading book 118 Securitisation exposures 123 Operational Risk 129 Use of Advanced Measurement Approaches 129 Liquidity Risk 135 Liquidity Coverage Ratio 135 Liquidity Buffer and Funding Strategies 138 Leverage 145 Glossary/Abbreviations 151 Annex 1 – Capital instruments and TLAC eligible instruments main features template 165 Annex 2 – Scope of application 167 Annex 3 – Reconciliation of quantitative data across disclosure templates 179 Declaration by the Manager charged with preparing the financial reports 187 Declaration pursuant to the EBA Guidelines 2016/11 on disclosure requirements under Part Eight of Regulation (EU) No.575/2013 and subsequent amendments 189 Pillar III · UniCredit Group Disclosure as at 30 June 2020 1 I Notes: All amounts, unless otherwise specified, are expressed in millions of euro. Data refer to the prudential scope of consolidation. Any discrepancies between data disclosed in this document are solely due to the effect of rounding. The amounts reported are coherent with the most recent submissions of the regulatory reporting for each period; as a result, some amounts may differ from those disclosed in previous publications. With regard to both the standardised approach and the IRB methodology, non-weighted amounts concerning “guarantees given and commitments to disburse funds” were considered based on the credit equivalent, unless otherwise specified. It should be noted that the disclosures to be provided by the systemically important banks were published on the UniCredit group’s website according to the deadline defined in the relevant regulations (https://www.unicreditgroup.eu/en/investors/financial-reports.html). The Disclosure by UniCredit group is prepared in accordance with a formal policy (Internal Regulation) adopted in the application of the CRR Article 431(3), that sets out the internal controls and procedures. The key elements of this policy are: - identification of roles and responsibilities of the corporate bodies, departments and Legal Entities involved in the process of producing the Disclosure; - identification of the information to be published (in accordance with EBA GL/2014/14 and EBA GL 2016/11 and CRR Article 432 and 433 and, with reference to 30 June 2020, subsequent amendment in the Regulation No.876/2019); - instructions for Legal Entities contributions and related controls; - consolidation of the disclosure contributions and related controls; - approval by the Board of Directors; - publication on the UniCredit group website; - evaluation related to Pillar III re-publication, after the initial issuance, for alignment with the most recent submissions of regulatory reporting. The templates subject to reconciliation of data across disclosure’s templates as represented in the Annex 3, report a specific note in order to facilitate their identification. 2 UniCredit Group Disclosure as at 30 June 2020 · Pillar III UniCredit Group Disclosure | Pillar III Contents cross reference to the regulatory disclosure requirements Contents cross reference to the regulatory di sclo sure requirements In coherence with the EBA Guidelines “GL/2014/14”1 and updates reported in the EBA Guidelines “GL/2016/11”2, the tables below shows the cross reference to the information published semiannually, as included in the present document or in the document Consolidated First Half Financial Report as at 30 June 2020. Cross reference to the EDTF recommendations On 29 October 2012 the document “Enhancing the risk disclosures of banks” was published by the Enhanced Disclosure Task Force – EDTF, established by the Financial Stability Board (FSB). The document contains 32 recommendations aiming at improving disclosure transparency for those risk profiles investors envisaged the need of more clear and complete information. REFERENCE TO THE PRESENT DOCUMENT (P3)/CONSOLIDATED FIRST HALF FINANCIAL EDTF RECOMMENDATION REPORT 06.30.2020 (CFR) SECTION/PARAGRAPH/TABLE General recommendations 1.Disclosure - Indexing of risk information P3 Index The present disclosure represents the document where all related risk information are reported including reference to other report or means of disclosures 2.Disclosure - Risk terminology & P3 Glossary A Glossary / Abbreviations chapter is included at the end measures of this document. Specific parameters and definitions are found in the single risks' sections 3.Top and emerging risks CFR Explanatory notes Section 2 - Risk of the prudential consolidated perimeter - Part E - Information on risks and hedging 2.6 Other risks - Top and emerging risks policies 4. New key regulatory ratio P3 Leverage Quantitative information Liquidity Risk Liquidity Coverage Ratio Own Funds Total Loss Absorbing Capacity (“TLAC”) Risk governance & risk management strategies/business model 5.Risk management organization CFR Explanatory notes Introduction Part E - Information on risks and hedging Section 2 - Risk of the prudential consolidated perimeter: policies 2.1 Credit risk Qualitative information: 1. General aspects 2. Credit risk management policies 2.2 Market risk 2.4 Liquidity risk 2.5 Operational risks- A. General aspects, operational processes and methods for measuring operational risk 6.Risk management Risk culture CFR Explanatory notes Introduction - Risk Culture in UniCredit group Part E - Information on risks and hedging policies 7.Risk management and business model CFR Explanatory notes Introduction Part E - Information on risks and hedging Section 2 - Risk of the prudential consolidated perimeter - policies Section 2.6 Other risks - Other risks included in Economic Capital (Business, real estate, financial investment); Reputational risk Explanatory notes Section A. Primary segment - Table “A.2 - Breakdown by Part L - Segment Reporting business segment: balance sheet amounts and RWA" 8.Stress testing disclosures CFR Explanatory notes Section 2 - Risk of the prudential consolidated perimeter: Part E - Information on risks and hedging 2.1 Credit risk - Qualitative information policies 2.2 Market risk - Stress Test 2.4 Liquidity risk 2.5 Operational risks P3 Credit Risk Counterparty Risk exposure 1 “Guidelines on materiality, proprietary and confidentiality and on disclosure frequency under Articles 432(1), 432(2) and 433 of Regulation (EU) No.575/2013”. 2 “Guidelines on disclosure requirements under Part Eight of Regulation (EU) No.575/2013”. Pillar III · UniCredit Group Disclosure as at 30 June 2020 3 UniCredit Group Disclosure | Pillar III Contents cross reference to the regulatory disclosure requirements REFERENCE TO THE PRESENT DOCUMENT (P3)/CONSOLIDATED FIRST HALF FINANCIAL EDTF RECOMMENDATION REPORT 06.30.2020 (CFR) SECTION/PARAGRAPH/TABLE Capital adequacy and risk-weighted assets 9.Capital surcharges & buffers P3 Capital requirements "Capital Adequacy" Table 10.Regulatory capital - summary and P3 Own Funds Tables: reconciliation “Accounting and Regulatory Balance Sheet reconciliation, with cross-reference to Own Funds items” “Own Funds disclosure template” 11.Regulatory capital - changes over time P3 Own Funds “Flow Statement for Own Funds” Table 12.Capital planning - targeted level of CFR Explanatory notes Section 1 - Consolidated Shareholders’ Equity capital Part F - Consolidated shareholders’ equity Consolidated report on operations Group results - Capital and value management - Capital strengthening 14.RWA calculation method and models P3 Capital requirements Tables: "Credit and Counterparty risks" “Capital Adequacy” “Market risk capital requirement” Credit Risk Use of the IRB approach Counterparty Risk exposure Market Risk Exposure and use of internal models Operational Risk Use of Advanced Measurement Approaches CFR Explanatory notes Section 2 - Risks of the prudential consolidated perimeter - Part E - Information on risks and hedging 2.2 Market risk - Internal model for price, interest rate and policies exchange rate risk of the regulatory trading book 15.RWA - IRB RWAs by internal rating P3 Credit Risk Use of the IRB approach and tables: grade "Internal rating-based methodology - Advanced Method" "Internal rating-based methodology - Advanced Method - Retail exposures" "Rating Group Master Scale Table” 16.RWA - Changes overtime P3 Capital requirements Table "EU-OV1 - Overview of RWA" 17.RWA - Backtesting CFR Explanatory notes Section 2 - Risks of the prudential consolidated perimeter - Part E - Information on risks and hedging 2.2 Market risk policies Liquidity 18.Liquidity CFR Explanatory notes Section 2 - Risks of the prudential consolidated perimeter - Part E - Information on risks and hedging 2.4 Liquidity risk policies P3 Liquidity Risk Liquidity Buffer and Funding Strategies Scope of application Substantial or legal
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