Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 474

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 474
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 portfolio (the exposure was 379 million pounds at the end of 2022, representing 64% of the business customer portfolio). In response to the more recent cost-of-livingcrisis, the approach of regulators and financial Institutions in the country has focused more on establishing adequate communication channels, tools and training to support and proactively help their customers, in particular those in vulnerable situations. In June 2023, the government announced a new tool, the Mortgage Charter, to help mortgage borrowers. This measure, initially planned for a six-monthperiod, was extended to 18 months, with only a very small number of TSB customers taking up the offer to date. 4.3 General principles of risk management Global Risk Framework The Global Risk Framework aims to establish the common basic principles relating to the risk management and control activity of Banco Sabadell Group including, among other things, all actions associated with the identification, decision-making, measurement, assessment, monitoring and control of the different risks to which the Group is exposed. With the Global Risk Framework, the Group aims to:

| – | Follow a structured and consistent approach to risk throughout the Group. |

| – | Foster an open and transparent culture with regard to risk management and control, encouraging the involvement of the 
 entire organisation.                                                                                                  |

| – | Facilitate the decision-making process. |

| – | Align the accepted risk with the risk strategy and the risk appetite. |

| – | Understand the risk environment in which it operates. |

| – | Ensure, following the guidelines of the Board of Directors, that critical risks are identified, understood, managed 
 and controlled efficiently.                                                                                         |

The Group’s Global Risk Framework consists of the following elements:

| – | The Group’s Global Risk Framework Policy. |

| – | The Risk Appetite Framework (RAF) of the Group and subsidiaries. |

| – | The Risk Appetite Statement (RAS) of the Group and subsidiaries. |

| – | Specific policies for the various material risks to which the Group and subsidiaries are exposed. |

4.3.1 Global Risk Framework Policy As an integral part of the Global Risk Framework, the Global Risk Framework Policy establishes the common basic principles for Banco Sabadell Group’s risk management and control activities, including, among other things, all actions associated with the identification, decision-making, measurement, assessment, monitoring and control of the different risks to which the Group is exposed. These activities comprise the duties carried out by the various areas and business units of the Group as a