Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 414

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 414
---
 understand and control market

risk by robust measurement, limit

setting, reporting and oversight

• facilitate business growth within a

controlled and transparent risk

management framework

• control market risk in the businesses

according to the allocated appetite.

To meet the above objectives, a

governance structure is in place to

manage these risks consistent with the

ERMF.

The BRC recommends market risk

appetite to the Board for their approval.

The Market Risk Principal Risk Lead (PR

Lead) is responsible for the Market Risk

Control Framework and, under delegated

authority from the Group CRO, agrees

with the business CROs a limit framework

within the context of the approved market

risk appetite.

The Market Risk Committee (MRC) reviews

and makes recommendations concerning

the group-wide market risk profile. This

includes overseeing the operation of the

Market Risk Framework and associated

policies and standards, monitoring market

and regulatory changes, and reviewing limit

utilisation levels . The committee is chaired

by the PR Lead and attendees include the

business heads of market risk and business

aligned market risk managers.

In addition to MRC, the Investment Bank

Risk Committee (‘IBRC’) is the main forum

in which market risk exposures are

discussed and reviewed with senior

business heads. The Committee is chaired

by the CRO of the Investment Bank and

meets weekly, covering current market

events, notable market risk exposures, and

key risk topics. New business initiatives are

generally socialised at IBRC before any

changes to risk appetite or associated

limits are considered in other governance

committees.

The head of each business is accountable

for all market risks associated with its

activities, while the head of the market risk

team covering each business is

responsible for implementing the risk

control framework for market risk.

| For more information on market risk management,refer to theBarclays PLC Pillar 3 Report2024(unaudited). |

| Strategy                              | Shareholderinformation | Climate andsustainability report | Governance |     | Riskreview | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 215 |
| Principal risk management (continued) |                        |                                  |            |     |            |                 |                     |     |                                            |     |

Management value at risk (VaR)

VaR is an estimate of the potential loss

arising from unfavourable market

movements if