Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 564

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 564
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 risk management and control activity of Banco Sabadell Group including, among other things, all actions associated with the identification, decision-making, measurement, assessment, monitoring and control of the different risks to which the Group is exposed. With the Global Risk Framework, the Group aims to:

| – | Follow a structured and consistent approach to risk throughout the Group. |

| – | Foster an open and transparent culture with regard to risk management and control, encouraging the involvement of the 
 entire organisation.                                                                                                  |

| – | Facilitate the decision-making process. |

| – | Align the accepted risk with the risk strategy and the risk appetite. |

| – | Understand the risk environment in which it operates. |

| – | Ensure, following the guidelines of the Board of Directors, that critical risks are identified, understood, managed 
 and controlled efficiently.                                                                                         |

The Group’s Global Risk Framework consists of the following elements:

| – | The Group’s Global Risk Framework Policy. |

| – | The Risk Appetite Framework (RAF) of the Group and subsidiaries. |

| – | The Risk Appetite Statement (RAS) of the Group and subsidiaries. |

| – | Specific policies for the various material risks to which the Group and subsidiaries are exposed. |

4.3.1 Global Risk Framework Policy As an integral part of the Global Risk Framework, the Global Risk Framework Policy establishes the common basic principles for Banco Sabadell Group’s risk management and control activities, including, among other things, all actions associated with the identification, decision-making, measurement, assessment, monitoring and control of the different risks to which the Group is exposed. These activities comprise the duties carried out by the various areas and business units of the Group as a whole. Consequently, the Global Risk Framework Policy sets out a general framework for the establishment of other policies related to risk management and control, determining core/common aspects that are applicable to the various risk management and control policies. The Global Risk Framework is applied in all of the Group’s business lines and entities, taking into account proportionality criteria in relation to their size, the complexity of their activities and the materiality of the risks taken. A-384

Global Risk Framework principles For risk management and control to be effective, the Group’s Global Risk Framework must comply with the following principles:

| – | Risk governance and involvement of the Board of Directors through the model of three lines of defence, among 
 others;                                                                                                      |

The risk governance arrangements established in the various policies that form part of the Global Risk Framework