Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 463

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 463
---
 risk exposure. For definitions of these risks refer to page s 180 to 185 of the Barclays PLC Pillar 3 Report 2024 . To provide complete coverage of the potential adverse impacts on the Group arising from operational risk, the Operational Risk Taxonomy extends beyond the risks listed above to cover operational risks associated with other Principal Risks too This section provides an analysis of the Group’s operational risk profile, including events above the Group’s reportable threshold, which have had a financial impact in 2024 . The Group’s operational risk profile is informed by bottom-up risk assessments undertaken by each business unit and top-down qualitative review for each risk type. Fraud, Transaction Operations, Information Security and Technology continue to be highlighted as key operational risk exposures. For information on compliance risk events, see the compliance risk section. Key metrics 86% of the Group’s net reportable operational risk events had a loss value of £50,000 or less 84% of events by number are due to External Fraud 44% of losses are from events aligned to External Fraud 35% of losses are from events aligned to Execution, Delivery and Process Management Summary of performance in the period During 2024 , total operational risk losses 1 reduced to £124m ( 2023 : £141m) while the number of recorded events for 2024 (2395) decreased from the level for 2023 (2,925). The total operational risk losses for the year were mainly driven by events falling within the Execution, Delivery & Process Management and External Fraud categories, which tend to be high volume but low impact events. Operational risk profile Within operational risk, there are a large number of smaller value risk events. In 2024 ,86% ( 2023 : 83%) of the Group’s reportable operational risk events by volume had a value of less than £50,000 each. Cumulatively, events under this £50,000 threshold accounted for only 31% ( 2023 : 34% ) of the Group’s total net operational risk losses. A small proportion of operational risk events have a material impact on the financial results of the Group.

| Strategy                                        | Shareholderinformation | Climate andsustainability report | Governance |     | Riskreview | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 305 |
| Risk performance - Operational risk (continued) |                        |                                  |            |     |            |                 |                     |     |                                            |     |