The Intesa Sanpaolo Group attaches great importance to risk management and control as conditional to ensuring reliable and sustainable value creation in a context of controlled risk, protecting the Group's financial solidity and reputation, and permitting a transparent representation of the risk profile of its portfolios.
The policies relating to the acceptance of risks are defined by the Supervisory Board and the Management Board of the Parent Company with support from specific Committees, among which the Control Committee and the Group Risk Governance Committee as well as the action of the Chief Risk Officer who reports directly to the Chief Executive Officer.
The Chief Risk Officer (CRO) has the duty of:
- Defining guidelines and policies on risk management, compliance and legal matters, consistent with corporate strategies and objectives;
- Coordinating the implementation of guidelines and policies on risk management, compliance and legal matters by the relevant Group units in charge, also within the different companies of the Group;
- Guaranteeing the measurement and control of Group exposure to the various types of risk, also verifying the implementation of guidelines and policies as above;
- Guaranteeing the monitoring of credit quality and observance of credit-related guidelines and strategies through the constant monitoring of risk and submitting of proposals on the structure of delegated powers to the corporate bodies;
- Supervising the identification and monitoring of any misalignment with respect to current regulation and arranging consulting, support and sensitisation on regulation to the corporate structures. Reporting to the Chief Risk Officer:
 Compliance
Legal Affairs
Risk Management
Credit Quality Monitoring
Internal Validation
The Risk Management Department is assigned the duty of:
- Guaranteeing measurement and control, both present and future, of Group exposure to the various types of risk, in particular: market, credit, interest rate, liquidity, operational and country;
- Monitoring capital requirements supporting the Active Value Management and Strategies unit in active capital management;
- Submitting proposals, jointly with other competent corporate functions, to the Top Management with respect to the definition of the operating limit structure consistent with allocated capital;
- Monitoring the development of regulation and providing Supervisory Authorities with information required by the current regulation with respect to internal models;
- Developing and maintaining systems for measurement, management and control of risks in accordance with Basel 2 regulation and aligned to best international practices, interacting to this end with the corporate structures in charge of the related processes.
In the framework of the adoption of "Basel 2" by the Italian banking system, the Bank of Italy, with Circular No. 263 of 27 December 2006 "New prudential regulatory provisions for banks" defined the ways whereby domestic banks or banking groups have to disclose information relating to capital adequacy, exposure to risks as well as the general features of the systems for identification, measurement and management of those risks. (so-called Third pillar of Basel 2 - "Pillar 3").
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