GENERAL MEETING DRAFT - Bankier.pl

Internal Capital is then broken down at the consolidated level according to the divisional structure, a key
concept of the Group business strategy.
The Stress Test on risks is run under a capital adequacy perspective by integrating risk values with
scenario impacts on available capital, which represents the Group capacity to stand further losses in
stressed conditions.
The risk appetite and the objectives consequently set are then subject to monitoring and reporting in
terms of both risk profile and profitability.
Metrics for determining the Risk Appetite are calculated at the consolidated and principal Legal Entity
level.
To improve the efficiency of the decision-making process, the monitoring translates into a regular report to
the Top Management both at the individual Entity, as well as at the Group level.
In addition, the Parent Bank is required to submit an accounting report on a consolidated basis in
accordance with the Banca d’Italia guidelines, at the same time providing a chart on the principal Entities.
The governance at the basis of the capital adequacy process is divided into two dimensions:
� within each Entity, including the Parent Bank;
� in the relations between the Parent Bank (with guidance, support and oversight functions), the
Divisions, the Sub-Holdings and the Entities.
The capital adequacy process is of fundamental importance within the Group and therefore requires an
adequate risk governance system ensuring the involvement of Top Management and appropriate
assignment of ICAAP activities to the organizational functions.
In fact, the ultimate responsibility lies with the Board of Directors, since the capital adequacy process
requires the determination of the propensity for risk and the definition of a direction for the proper
allocation of the available capital resources. Senior Management identifies the relevant bodies/structures
that will participate in the process and adopts decisions regarding reporting activities to the competent
decision-making body (for example, the Group Risk Committee).
2009 CONSOLIDATED REPORTS AND ACCOUNTS
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