Société Générale

Société Générale welcomes the opportunity to respond to the European Commissions consultation and is supportive of the answer done at EBF level. SG supports a pragmatic and proportional approach for EU taxonomy alignment assessment allowing the use of proxies or estimates considering data availability and complexity of the analysis.

SG is supportive of a pragmatic approach for DNSH or MSS assessment that would allow the use of proxies or estimates considering data availability and complexity of the analysis in specific cases such as retail loans. Our key messages are as follows: 1.Align methodology and scope of exposure subject to alignment analysis for both Financial Institution and Corporate.

European Commission - Draft regulation establishing harmonized rules on Artificial Intelligence Position paper / “Have your say” Société Générale 29 July 2021 CONTENTS - General comments Definition of Artificial Intelligence (Article 3) Influence of an AI system on its environment Artificial Intelligence Scope Proposal to revise the definition of AI Risk proportionality approach Principle of technological neutrality…

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

Ayvens is a leading independent operational lease company in the EU. We operate in almost all EU countries, and in many countries outside the EU. We are fully supportive of the 2050 Paris Climate Agreement and we continue to reduce CO2 emissions for vehicles leased to our customers, both for the total running financed fleet and for new deliveries.

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

Société Générale hails the draft Data Act as a new step in the EU ambition to further develop digital economy and strengthen its sovereignty. We appreciate the text indeed aims at developing a European space of IoT data exchange through homogeneous, structuring protocols including a welcome principle of compensation for the data-holder.

Société Générale welcomes the European Commission’s communication on the competitiveness of the banking sector and the single banking market. In a European economy facing massive investment needs related to the energy transition, digital transformation, defence and economic sovereignty, the ability of banks to finance households and businesses is a strategic challenge.

Filed in French · English published by the European Commission

Although we fully recognize benefits of “CRR3” as a major contributor for a robust and stable financial system, this proposal raises 2 majors contentious issues which, if adopted, will trigger severe impacts to the detriment of the whole European Trade Finance industry: · The increase in CCF for Technical Guarantees from 20% to 50% (Bid, Performance, Advance Payment, Warranty Bonds and Stand/By Letters of Credit…

Consumer credit in France and our other European markets is balanced, between supervised lenders engaged in responsible lending and, on the other hand, consumers whose information, protection, prevention of over-indebtedness are effective. Still, there is room for improvement, e.g. in the inclusion of certain new types of credits or the supervision of all types of creditors including crowdfunding.

Société Générale agrees that current divergences in Member States insolvency laws and resulting differences in the effectiveness and predictability of insolvency procedures is a hurdle to the creation of a real Capital Markets Union for the financing of European economies.

Societe Generale welcomes the proposal for a regulation on a pilot regime for market infrastructures based on DLT, as it will support the development of secondary markets of cryptoassets qualifying as transferable securities, and represent a meaningful incentive for Societe Generale group to develop even further its experiments and its investment and ancillary services related to security tokens within the EU.