Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 105

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 105
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 (GRM); monthly report of the Head of Regulation & Internal Control; half-yearly reports from the Chief Risk Offi cers of the signifi cant geographic and/or business areas; regular reports (bi-monthly,quarterly, half-yearly or annual) from those responsible for the various types of fi nancial and non-financial risks existing at Group level; and reports of external experts on specifi c areas of compliance, such as anti-money laundering (AML) and counter terrorist financing, or protection of customer assets. Its main task is to support the Board of Directors in determining and monitoring the control and management policy for all the Group’s risks, both fi nancial and non-financial, with a global and integrated vision, without prejudice to the fact that the Board also relies on other Committees which, due to their particular expertise, carry out additional monitoring of certain non-financial risks. DECISION-MAKING: Submits the proposed Risk Appetite Framework to the Board of Directors for its consideration and, as the case may be, approval, on the strategic lines determined from time to time by the Board of Directors or, if appropriate, by the Executive Committee, submitting also the proposal to update the Group’s General Risk Management and Control Model to the Board. Proposes, in a manner consistent with the Group’s Risk Appetite Framework approved by the Board of Directors, the control and management policies for the Group’s various fi nancial and non-financial risks, with a threefold perspective: global, local and by type of risk. Analyzes all the measures put in place to mitigate the impact of the identifi ed risks in the event that they materialize, which corresponds to the Board of Directors or, as the case may be, the Executive Committee. SUPERVISION AND CONTROL: Monitors the evolution of the Group’s fi nancial and non-financial risks and their degree of compliance with the Risk Appetite Framework and the general policies defi ned, on a more regular and granular basis than the Board of Directors and the Executive Committee. Monitors the effectiveness of the internal control model and internal control and information systems. Oversees the risk measurement procedures, tools and indicators established at Group level in order to achieve an overall view of the risks facing BBVA and its Group. It also monitors compliance with regulations and supervisory requirements on matters of risk and internal control, and is briefed on possible non-compliancesand the action plans to remediate any such non-compliances.Analyzes the risks associated with strategic projects