Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 187

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 187
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 the climate risk constraint and realign oversight of legal risk from Risk to Compliance. &#8226; The Committee reviewed reports from management on guidance, letters and reviews received from regulators. The Committee examined management&#8217;s responses to the matters raised by regulators and received updates on key remediation programmes. &#8226; The Committee considered and recommended to the Board for approval updates to the Committee&#8217;s Terms of Reference including changes to reflect the Committee&#8217;s new responsibilities with respect to the oversight of reputation risk. &#8226; The Committee oversaw enhancements to the governance framework for the management of regulatory reporting Risk appetite and stress testing i.e. the level of risk the Group chooses to take in pursuit of its business objectives, including testing whether the Group&#8217;s financial position and risk profile provide sufficient resilience to withstand the impact of severe but plausible economic scenarios. &#8226; To propose to the Board an appropriate risk appetite and tolerance for the principal risks, including an overall Group risk appetite and limits. &#8226; To review and approve the methodology used to establish the Group&#8217;s risk appetite and associated stress testing. &#8226; To discuss and agree stress loss and mandate and scale limits for credit risk, market risk, operational risk and treasury and capital risk. &#8226; To consider and approve internal stress test (IST) themes, and consider the financial constraints and scenarios, for stress testing risk appetite for the MTP. &#8226; To consider and approve the results of stress tests required by regulatory bodies. &#8226; The Committee considered and recommended to the Board for approval Barclays&#8217; Risk Appetite Statement. &#8226; The Committee discussed and approved the mandate and scale limits as well as the stress loss limits for the Group. Subsequent changes were reviewed and approved during the year. &#8226; The Committee considered and approved stress test results, including those of the 2024 IST (including climate risk embedded for the first time this year), as well as the associated risk appetite for the MTP. The Committee also approved the results of the 2024 reverse IST, and considered key learnings. &#8226; The Committee considered the results of Barclays US LLC&#8217;s 2024 supervisory stress test conducted by the Federal Reserve Board. &#8226; The Committee considered the conclusions from the due diligence conducted on the acquisition of Tesco Bank and the impact of the acquisition on the Group&#8217;s risk profile and its overall risk appetite and