Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 104

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 104
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 its development, mainly the Risk and Compliance Committee and the Executive Committee, in addition to the Technology and Cybersecurity Committee (specialized in the oversight of technology-related risks), and the Audit Committee (in risks related to public reporting and tax risks). This allows the corporate bodies to have a complete and global vision of the risks to which the Group is exposed, thus facilitating the performance of their functions of supervision and control over management. BOARD OF DIRECTORS It regularly receives the following information on Group risks: monthly report of the Chief Executive Offi cer; quarterly report of the Head of Global Risk Management (GRM); quarterly report of the Head of Regulation & Internal Control; RCS IT Risk’s annual report on the technology risk assessment; and monthly and quarterly reports of the Chairs of the Risk and Compliance, Audit and Technology and Cybersecurity Committees periodic report of the Chief Financial Offi cer on structural risk management (ALCO portfolio—Assets and Liabilities Committee) The Board is responsible for establishing the Group’s risk strategy and, in performing this function, determines the risk control and management policy, in coordination with the other strategic-prospective decisions, namely: the Group’s Risk Appetite Framework, which determines the types and levels of risks that the Group is willing to assume in order to achieve its objectives, considering the organic growth of the business, and which is composed of various statements and metrics, as described further below; the General Risk Management and Control Model, which sets out the general guidelines for risk management and control in the Group for the areas of governance and organization, Risk Appetite Framework, assessment, monitoring and reporting, and infrastructure, all as described below; and the set of general policies for managing the different types of fi nancial and non-financial risks to which the Bank is or may be exposed, in a manner consistent with the Risk Appetite Model and Framework. When carrying out its fi nancial and non-financial risk monitoring, supervision and control functions, the Board monitors the trend over time in the Group’s risks as well as the risks to which each of its main geographical and/or business areas is exposed, ensuring their compliance with the BBVA Group’s Risk Appetite Framework, and also oversees internal reporting and control systems. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .108.. RISK AND COMPLIANCE COMMITTEE It regularly receives the following information on Group risks: monthly report of the Head of Global Risk Management