2Q 2020 Investor Presentation

Global Regulatory and Accounting Drivers for the ERS Business EMEA ASIA PACIFIC HLA FRTB* Incorporate ESG risks into supervisory process Revised minimum capital requirements for MR* Output floor* O Output floor2023 requirement CVA review* Revised minimum capital requirements for MR* Revised SA operational risk* Revised SA updateetriskerage Ratio* Revised IRB approach CR* Revised standardized approach CR* FRTB* Revised G-SIB assessment* Credit Risk Management* Revised IRB approach CR* 2022 BOE/ PRA ST EU-wide ST* 2021 BOE/ PRA BES (Climate-related element) Interest Rate Revised SA operational risk* Interest Rate Benchmark Reform Benchmark Reform 2020 BOE/ PRA ST Revised G-SIB assessment* EU Investment Firms Directive and Regulation NSFR CVA review* BOE/ PRA ST EU Sustainability taxonomy Revised SA Updated Leverage market risk* Ratio* HLA requirement Revised standardized approach CR* 2022 CVA review HLA requirement Output floor* CCAR/ DFAST FRTB* Revised standardized approach CR* Revised G-SIB assessment* CCAR / DFAST AMERICAS Revised SA operational risk Climate Change ST SFTR regulatory technical standards EU "Banking Package" CRR2, CRD5, BRRD2 EU MLD5 and SRMR2* TLAC New securitization framework EBA Guidelines on 2021 ECCAR / DFAST CCAR/ DFAST IRRBB review SCCL for large banks* Revised SA market risk* Updated Leverage Ratio* FBO SO 202 Interest Rate Benchmark Reform CCAR/ DFAST CECL TLAC Outsourcing Agreements New securitization framework Minimum Leverage Ratio Vickers reform DNB Climate ST TLAC SEC Liquidity rules (ETF, mutual funds) Supervisory rating system for LFIs ⭑NSFR* NCUA RBC rule for large credit unions Revised minimum capital requirements for MR* Revised IRB approach CR* 2023 and beyond Source: Moody's Analytics market research as of July 2020. 2022 2021 2020 2019 2020 2021 2022 2023 and beyond Note: *Regulation has been delayed/ cancelled to allow banks to focus their resources on navigating the coronavirus pandemic - please see below for details OSFI has delayed the Net Stable Funding Ratio Return (DT1) - formal reporting from Q3 2020 to Q1 2021. The FED has extended by 18 months the initial compliance dates under the single-counterparty credit limit (SCCL) rule, for bank holding companies and foreign banking organizations. The EBA communicated new deadlines within which it plans to implement certain elements of the Capital Requirements Directive and Regulation (CRD 5 and CRR 2) and the amended Bank Recovery and Resolution Directive (BRRD 2). This pushes out Integrated Reporting and ALMM elements of the package to 2021, but leaves many elements still to happen in 2020. Delays noted in last quarters report; Basel IV, G-SIB, EU-wide Stress Test and APRA delays APS 220 on credit risk management MOODY'S 2Q 2020 Investor Presentation - August 11, 2020 41

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