2 MAJOR STRUCTURAL TRANSACTIONS AND MATERIAL EVENTS DURING THE PERIOD The scope of consolidation and changes to it as at 31 December 2025 are shown in detail at the end of the notes in Note 13 “Scope of consolidation as at 31 December 2025”. 3 FINANCIAL MANAGEMENT, RISK EXPOSURE AND HEDGING POLICY Banking risks within CFM Indosuez Wealth are managed by the Risk and Permanent Control Department (DRCP). This department reports to the Chief Executive Officer and it is tasked with the management and continuous control of credit, financial and operational risks. A description of these processes with detailed comments is provided in the "Risk Management" chapter of the management report, as permitted by IFRS 7 Financial Instruments: Disclosures. The accounting breakdowns are shown in the financial statements. 3.1 CREDIT RISK 3.1.1 Changes in carrying amounts and value adjustments for losses during the period Value adjustments for losses correspond to the impairment of assets and to provisions for off-balance sheet commitments recognised in net income (“Cost of risk”) relating to credit risk. The following tables present a reconciliation of the opening and closing balances of value adjustments for losses recognised under Cost of Risk and the related carrying amounts, by accounting category and type of instrument. CFM Indosuez Wealth Management 98
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