Other

Within the market risk module, the equity risk sub-module and the concentration risk sub-module capture different types of risks: risk of adverse changes in the level or in the volatility of market values of equities for the former, and risks stemming from a lack of diversification in an assets portfolio or from a large exposure to a single issuer or group of related issuers of securities for the latter. Therefore the equity risk sub-module does not include the concentration one. Ordinary shares should then also be considered in the concentration risk sub-module.