2012 Registration document and annual financial report - BNP Paribas

5 RISKS AND CAPITAL ADEQUACY5.1 Annual risk survey 219Key risks arising from the Group’s business 219Top risks of the year 220Risk factors 2225.2 Capital management and capital adequacy 227Scope of application 227Regulatory capital 230Capital requirements and risk-weighted assets 232Capital adequacy and capital planning 234Capital management 2355.3 Risk management 237Risk management organisation 237Risk culture 239Risk profile 240Risks categories 240Stress testing 2445.4 Credit risk 245Exposure to credit risk 245Credit risk management policy 247Credit risk diversification 251Risk-weighted assets 253Credit risk: internal ratings based approach (IRBA) 254Credit risk: standardised approach 262Exposure in default, provisions and cost of risk 264Credit risk mitigation techniques 2675.5 Securitisation in the banking book 269Accounting methods 270Securitisation risk management 270BNP Paribas securitisation activity 271Securitised exposures 273Securitisation positions 276Risk-weighted assets 2782012 Registration document and annual financial report - BNP PARIBAS 217