IRR310313.pdf - Banco Itaú

NOTE 21 – RISK AND CAPITAL MANAGEMENT
The purpose of risk identification is to map the risk events of internal and external nature that may affect the
strategies of support and business units and the fulfillment of their objectives, with possibility of impact on ITAÚ
UNIBANCO HOLDING’s income, capital, liquidity and reputation.
Risk management is considered by ITAÚ UNIBANCO HOLDING an essential tool for optimizing the use of
resources and selecting the best business opportunities, in order to maximize shareholder value.
At ITAÚ UNIBANCO HOLDING, risk and capital management is the process in which:
The existing and potential risks in ITAÚ UNIBANCO HOLDING's operations are identified and
measured;
Norms, procedures and methodologies for risk management and control consistent with the Board of
Directors’ guidelines and ITAÚ UNIBANCO HOLDING’s strategies are approved;
The ITAÚ UNIBANCO HOLDING’s risk portfolio is managed considering the best risk-return ratio;
Risk management processes are spread throughout the whole institution, aligned with the guidelines of the
Board of Directors and Executives that, through Committees of the Board of Directors and Senior Commissions,
define the global objectives that are measured as goals and limits to the risk management units. Control units, in
turn, support the ITAÚ UNIBANCO HOLDING’s management by monitoring and analyzing risk.
In compliance with CMN Resolution No. 3,988, of June 30, 2011 ITAÚ UNIBANCO HOLDING implemented its
capital management structure and is preparing the first report on internal capital adequacy assessment process
(ICAAP), to be submitted to BACEN in September 2013, at the June 2013 reporting date.
The capital management process supports ITAÚ UNIBANCO HOLDING through a continuing process of:
Monitoring the capital requirement kept by ITAÚ UNIBANCO HOLDING in normal and stress scenarios,
taking into account regulatory requirements and the Board of Directors’ guidelines;
Planning targets and capital requirements, taking into account ITAÚ UNIBANCO HOLDING’s strategic
objectives;
Adopting a proactive attitude in relation to capital management.
ITAÚ UNIBANCO HOLDING’s risk management organizational structure is compliant with the regulations in
Brazil and abroad and in line with market best practices. The Market, Credit, Liquidity, Operational and
Underwriting risks control is performed in a centralized way by an independent unit, aiming at assuring that the
ITAÚ UNIBANCO HOLDING’s risks are being managed in accordance with established policies, norms and
procedures. The purpose of centralizing control is to provide the Executives and the Board of Directors with an
overview of ITAÚ UNIBANCO HOLDING’s risk exposure, as well as a prospective view on the adequacy of its
capital so as to optimize and speed up corporate decision-making.
ITAÚ UNIBANCO HOLDING manages proprietary IT systems to fully meet the applicable rules on capital
reserve, pursuant to determinations and models issued by the Central Bank (BACEN). It also coordinates
actions to check for adherence to qualitative and quantitative requirements established by the relevant
authorities for compliance with the minimum mandatory capital requirement.
Further information on risk management can be found on the website www.itau-unibanco.com.br/ri, under
section Corporate Governance/Risk Management – Circular 3.477.
Itaú Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 189