Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 42

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 42
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 policies relating to the risk areas overseen by the Audit Committee•Receives reports on enterprise risk•Convenes to discuss the content of our financial disclosures and quarterly earnings releasesExecutive Level (Level II) Risk Governance Committees•Includes ERM Committee, Asset Liability Committee, Capital Committee, Credit Risk Committee, Compliance Risk Committee, and Operational Risk Committee. Level II Risk Governance Committees report to the Risk Committee of the Board (except for the Compensation & Benefits Oversight Committee, which reports to the Compensation & Organization Committee of the Board, and the Disclosure Committee, which reports to the Audit Committee of the Board) and are generally responsible for the activities listed herein•Escalation of risk issues regarding unresolved differences and accepted risks, particularly issues that have the potential to increase aggregated risk beyond Key’s risk appetite, to the appropriate Level I Governance Committee, typically the Risk or Audit Committees of the Board•Identifying early warning events or trends, top and emerging risks and discussing forward looking assessments•Approving certain risk metrics•Monitoring certain metric limits, as well as associated risk levels to the Board approved risk appetite•Providing governance, direction, oversight and high-level management of their associated risk and the risk assessment process which is used in capital adequacy stress testing; •Monitoring stress testing results related to their associated risks (if required per committee charter) and escalating emerging risks as appropriate•Providing assurance, advice and support to the Risk Committee on their associated riskManagement Level (Level III) Risk Governance Committees•Includes attendees from each of the Three Lines of Defense: First Line (line of business), Second Line (risk management), and Third Line (internal audit function)•Supports the ERM Committee, Asset Liability Committee, Capital Committee, Credit Risk Committee, Compliance Risk Committee, and Operational Risk Committee by identifying early warning events and trends, escalating emerging risks, and discussing forward-looking assessmentsDisclosure Committee•Includes representatives from each of the Three Lines of Defense•Responsible for overseeing the accuracy and completeness of the Company’s disclosures in SEC filings and other public communications•Considers and discusses recent internal and external events to determine whether all appropriate disclosures have been made in reports filed with the SECInternal Audit•Provides the KeyCorp Board and management with independent, risk-based, and objective assurance, advice, insight, and foresight•Conducts objective examinations of evidence for the purpose of providing independent assessments to the Audit Committee, management, and outside parties on the adequacy and effectiveness of business processes, risk management activities, internal controls, and governance processes for KeyCorp

(a) Certain