Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 1

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 3
Chunk 1
---
 less predictable legal and regulatory frameworks or the supervision thereof.
•We are subject to the regulatory supervision of the ECB and other regulators and public bodies with extensive supervisory and investigatory powers.
•Failure to meet minimum capital and other prudential regulatory requirements as applicable to us from time to time may have a material adverse effect on our business, results and financial condition and on our ability to make payments on certain of our securities.
•Our US commodities and derivatives business is subject to CFTC and SEC regulation under the Dodd-Frank Act.
•We are subject to the EU recovery and resolution regime and several other bank recovery and resolution regimes that include statutory write-down and conversion as well as other powers, which remain subject to significant uncertainties as to the scope and impact on us.
Risks related to litigation, enforcement proceedings and investigations and to changes in tax laws 
•We may be subject to litigation, enforcement proceedings, investigations or other regulatory actions, and adverse publicity.
•We are subject to different tax regulations in each of the jurisdictions where we conduct business, and are exposed to changes in tax laws and risks of non-compliance resulting in proceedings or investigations with respect to tax laws.
•Our reputation could be harmed and we could be subject to enforcement actions, fines and penalties if we fail to comply with our obligations under tax laws and regulations.
•ING is exposed to the risk of claims from customers or stakeholders who feel misled or treated unfairly because of advice or information received.
Risks related to the Group’s business and operations
•ING may be unable to meet internal or external targets, ambitions, aims or expectations or requirements with respect to ESG-related matters.
•ING may be unable to adapt its products and services to meet changing customer behaviour and demand, including as a result of ESG-related matters.
•ING’s business and operations are exposed to transition risks related to climate change.
•ING’s business and operations are exposed to physical risks, including as a direct result of climate change.
•Operational and IT risks, such as systems disruptions or failures, breaches of security, human error, changes in operational practices, inadequate controls including in respect of third parties with which we do business or outbreaks of communicable diseases may adversely impact our reputation, business and results.
•We are subject to increasing risks related to cybercrime and compliance with cybersecurity regulation.

•Because we operate in highly competitive markets, including our home market, we may not be able to increase or maintain our market share, which may have an adverse effect on our results.
•We may not always