Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 189

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 189
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8226; To consider the ICAAP and ILAAP scenario review. &#8226; The Committee reviewed capital and liquidity performance and the forecast capital and funding trajectory, including the actions identified by management to manage the Group's capital position, taking into account relevant macroeconomic factors. &#8226; The Committee received a preliminary assessment of the ICAAP and the ILAAP in January 2024. The Committee subsequently discussed and approved the Group's 2024 ICAAP and the Group's 2024 ILAAP prior to their submission to the PRA. &#8226; The Committee recommended to the Board for approval the Group Recovery Plan, which forms part of the Group&#8217;s capital and liquidity risk management framework. &#8226; The Committee reviewed the key findings from the Bank of England's second Resolvability Assessment Framework assessment and plans for the enhancement of Barclays&#8217; resolvability arrangements. &#8226; The Committee monitored preparations for compliance with Trading Wind Down capabilities in the context of recovery planning and post-resolution restructuring. &#8226; The Committee received a number of teach-in sessions from management on treasury-related matters, including the structural hedge. &#8226; The Committee received regular reports from the Group Regulatory Management Oversight Committee. Climate risk i.e. the risk of financial losses arising from climate change through physical risks and risks associated with transitioning to a low-carbon economy. &#8226; To consider and assess the impact of climate risk on the Group&#8217;s activities. &#8226; The Committee received regular updates on climate risk including areas of elevated climate risk and progress against sector targets. &#8226; The Committee reviewed how climate change is driving financial and operational risks and how Barclays is managing them. Operational risk i.e. the risk of loss arising from inadequate or failed processes and systems, human factors or due to external events. &#8226; To review the Group&#8217;s operational risk profile and consider specific areas of operational risks, including fraud, conduct risk, operational recovery planning, cybersecurity risk, execution risk, technology and data, including the controls that are in place for managing and mitigating such risks. &#8226; To track operational risk key indicators. &#8226; The Committee received regular reporting on key operational risk indicators and was briefed by management on a number of operational risk topics, including those relating to technology risk, fraud, third party risk management, cyber and information security and the risks associated with new business activities. &#8226; The Committee considered operational resilience,