Risk Management

In November 2005 the integration between UniCredit and HVB has been finalised, generating a great impact into the respective activities and organisational structures. Therefore, the necessity to redefine credit risk management is just one of the effects determined by the integration.

 

The mission of the Chief Risk Officer (CRO), established at holding level, can be summarised in the following goals:

 

• managing group-wide asset quality;
  
• defining policies and criteria for evaluating and managing risk;
  
• supporting active balance-sheet management;
• supporting the business divisions;
• establishing a group-wide risk culture.

Moreover CRO is responsible for Basel 2 project, redefined following the new group’s structure.

 

Through the above mentioned Integrated Basel II Project, the CRO intends to establish a group-wide governance structure for Basel II that integrates the current efforts.
It is also CRO’s intention to reach alignment with Banca d'Italia and other national regulators on compliance requirements and implementation approach from both group-wide and domestic perspective.

 

For the near future CRO will concentrate its efforts on top-priority issues such as realignment of legal entities functions to the new holding CRO-organisation; homogenisation of governance principles, policies and risk culture across the new group; support to the redesign of credit processes to improve credit risk management; alignment with Banca d'Italia and local regulators on regulatory requirements and implementation (i.e. Basel II).

 

Liquidity management is provided by the Parent Company’s Finance Division.