Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 81

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 81
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 risk culture across the Group 17. Supervise the Group’s criminal risk prevention model. 18. Review and supervise the systems under which Group professionals may confidentially report any possible irregularities in the field of financial information. 6.7.3. Activities of the Risk and Compliance Committee during the financial year In 2024, the Committee fulfilled all the functions assigned to it, reporting monthly on its activities to the Board of Directors throughout the financial year. The Committee supported the Board of Directors during the year in performing its duties in relation to risks (financial and non-financial)and internal control, including both decision-making and risk monitoring and control. Determining the Group’s risk strategy and ensuring alignment with the other strategic processes Throughout 2024, the Committee aided the Board of Directors in making decisions related to the BBVA Group’s strategy, management and control of risks (financial and non-financial).The Committee thus analyzed, at several meetings, and submitted to the Board of Directors, the proposal for the BBVA Group’s Risk Appetite Framework for financial year 2025, on the terms established by the Board of Directors, as well as an update of the Group’s General Risk Management and Control Model, for its consideration and approval. The Committee also analyzed the findings of the BBVA Group’s capital adequacy (ICAAP) and liquidity adequacy (ILAAP) assessment processes, on the basis established by the Executive Committee, as well as the Group’s Recovery Plan, prior to their approval by the Board of Directors. The Committee likewise analyzed, with respect to financial and non-financialrisks, the corporate transactions submitted for consideration by the Board of Directors. 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 .84.. The Committee also led the annual review and update of the Group’s general financial and non-financialrisk management and control policies. Moreover, to ensure that BBVA’s remuneration system remains aligned with the Group’s risk strategy, the Committee took part in the process of reviewing and establishing those remuneration issues that fall within its remit, verifying that the Group’s remuneration practices are consistent with appropriate, effective and prudent risk management. The Committee also reviewed the other proposals for decisions submitted to the corporate bodies during the year in relation to risk and internal control by the Bank’s executive areas. The Committee also analyzed, prior to the decisions to be made by the Board, the investments