3Q 2020 Investor Presentation

Global Regulatory and Accounting Drivers for the ERS Business EMEA ERS MOODY'S 2023 Output floor ASIA PACIFIC HLA requirement CVA review Revised minimum capital requirements for MR Revised SA operational risk Revised SA market risk Updated Leverage Ratio Revised IRB Revised G-SIB assessment FRTB Revised SA operational risk CVA review Incorporate ESG risks into supervisory process BOE/ PRA ST Revised SA market risk Revised minimum HLA requirement capital requirements for MR Output floor Revised IRB approach CR BOE/ PRA ST EU-wide ST 2022 2021 BOE/ PRA BES (Climate-related element) Interest Rate Benchmark Reform Interest Rate Benchmark Reform 2020 Revised G-SIB assessment EU Investment Firms Directive and Regulation NSFR Updated Leverage Ratio Revised standardized approach CR 2021 2022 2023 CECL* CVA review HLA requirement Output floor CCAR / DFAST FRTB Revised standardized approach CR Revised G-SIB assessment BOE/ PRA ST EU Sustainability taxonomy Climate Change ST SFTR regulatory technical standards EU "Banking Package" CRR2, CRD5, BRRD2 and SRMR2 EU MLD5 New securitization framework EBA Guidelines on Outsourcing 2020 CCAR/ DFAST CCAR/ DFAST IRRBB review AMERICAS CCAR/ DFAST Revised SA operational risk SCCL for large banks FBO ST Agreements TLAC Vickers reform ECCAR/ DFAST New securitization framework Minimum Leverage Ratio DNB Climate ST TLAC Interest Rate Benchmark Reform TLAC SEC Liquidity rules (ETF, mutual funds) Supervisory rating NSFR system for LFIs 2020 2019 2020 2021 2022 approach CR Credit Risk Management Revised standardized approach CR FRTB 2023 and beyond 2022 2021 NCUA RBC rule for large credit unions Revised SA market risk Updated Leverage Ratio Revised minimum capital requirements for MR Revised IRB approach CR 2023 and beyond * Regulation has been delayed/ cancelled to allow banks to focus their resources on navigating the coronavirus pandemic (the FED has implemented a transition rule that provides a two-years delay period to eligible institutions, followed by a three-year transition period (the pre-existing 2020 CECL transition period)) Pandemic related delays noted in last quarters report; OSFI NSFR; FED SCCL; EBA CRD 5, CRR 2 and BRRD 2 Source: Moody's Analytics market research as of October 2020. 3Q 2020 Investor Presentation - November 11, 2020 52

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