Operational risks

The operational risk management framework relies on the following elements:

• The Management Board regularly reviews the evolution of the risk profile of the different activities of the Group ;
• The Operational Risk Policy Committee, a strategic committee with representatives of the Management Board, approves the Group-wide policies;
• The Operational Risk Committee, chaired by the Head of Group Operational Risk, ensures the development of a consistent Group-wide Operational Risk framework involving the production of regular reporting to the Management Board;
• The Operational Risk Management function is also responsible for the development of Business Continuity & Crisis Management, Information Security and Insurance.

Dexia Group has continued for the third year to collect operational data losses in a central database and progressively begins to analyze all this information to be able to better quantify and then to reduce its operational risks.