Credit Suisse Risk Organization Strategic Goals and Performance

Many gaps identified following Archegos have been addressed via prioritized investments Archegos themes First line of defense enhancements (examples) Risk governance Appointed IB Chief Business Risk Officer Completed review of resource and seniority levels across relevant areas Second line of defense enhancements (examples) " ☐ Split Chief Risk and Chief Compliance Officer functions Reinforced risk capabilities and frameworks, especially in credit risk Established Executive Board Risk Management Committee Client risk management Counterparty risk management Risk appetite & limit framework Risk culture 15 ☐ ◉ Further clarified first line of defense ownership of Counterparty Risk and risk constraints Enhanced reporting and added metrics for hedge funds & family offices Completed roll out of dynamic margining model for hedge funds ☐ ■ Enhanced default management capabilities ☐ ■ Immediately revised risk appetite across the portfolio Enhanced Investment Bank overarching framework for counterparty limits Continue to examine the risk profile of each business division, recalibrating limits and reducing concentrations Instilled increased accountability across first and second line of defense activities Implemented enhanced risk-sensitive performance scorecards Completed review of largest clients globally Refined appetite with an eye to single-name and collateral concentrations Created dedicated Counterparty Market Risk function Implemented additional portfolio stress testing scenarios Improved measurements of specific risks (e.g. tail and concentration risks) and margining Introduced stronger escalation protocols, particularly for limit excesses Introduced escalation of any significant and persistent limit excesses to the Executive Board and Board Risk Committee Reinforced training, communications and expectation setting from senior management covering areas such as Speak Up Culture, Risk Mindset, Red Flags/Escalation, and "Everyone is a risk manager" Footnotes are an integral part of this presentation. See slides 62-67 in the appendix of this presentation for detailed information, including important presentation and other information relating to non-GAAP financial measures, and defined terms. CREDIT SUISSE

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