Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 108

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 108
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 as a second line of defense, the policies relating to non-financialrisks and the Group’s internal control model, and integrates, among others, the Non-FinancialRisk, Compliance and Internal Risk Control units. The Head of Regulation & Internal Control relies on the Regulation and Internal Control Committee for the approval and monitoring of: (i) the strategy and plans of the area, as well as the provision of the necessary means to achieve them in the delegated matters and the proposals for the provision of resources where it was not delegated; (ii) the management indicators and limits and their corresponding tolerance thresholds in terms of non-financialrisks (including compliance risk); and (iii) the internal regulations of the area. For more information on the bodies responsible for risk management and control at BBVA, see “Governance &organization” in the “General risk management and control model” section in the “Risk management” chapter of the individual and consolidated Management Reports for financial year 2024, of which this Annual Corporate Governance Report forms part by reference. 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 .111.. 13.2. General Risk Management and Control Model (E.1) The BBVA Group has a General Risk Management and Control Model in place adapted to its business model, its organization, the countries in which it operates and its Corporate Governance System. This allows the BBVA Group to operate within the framework of the risk control and management strategy and policy defined by BBVA’s corporate bodies, in which sustainability is specifically considered, and to adapt to an evolving economic and regulatory environment, addressing risk management on a global level in a manner that is adapted to the circumstances at any moment. The Model is applied across the entire Group and has the following core features: Governance and organization, the general lines of which are described in Section 13.1, and which is completed with a parent-subsidiary relationship model in relation to risks, thus enabling the risk strategy and its management and control model to be transferred to the BBVA Group’s subsidiaries and their corresponding specific risk units. Defining the process for drawing up the Risk Appetite Framework, the main features of which are described below in section 13.3. Evaluation, monitoring and reporting, ensuring that the report includes: (i) a description of the material risks to which BBVA is exposed (risk assessment); (ii) monitoring of the Group’s risk