Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 284

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 284
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 to simplify, standardise and automate Finance and Treasury processes to improve effectiveness and efficiency &#8226; Expanded the range of Artificial Intelligence and Machine Learning initiatives being piloted in the Finance function. &#8226; Launched the Finance Transformation Office, with a mandate to develop and drive a strategy for the wholesale transformation of the function. Appropriate management of capital and resources using oversight committees to ensure we comply with governance and regulatory requirements &#8226; The Group continues to exceed regulatory requirements for overall capital, leverage and Minimum Requirement for Own Funds and Eligible Liabilities. &#8226; The Group&#8217;s CET1 target ratio of 13-14% takes into account minimum capital requirements and applicable buffers. The Group remains above its minimum capital regulatory requirements and applicable buffers. Effectively manage relationships with key external stakeholders, including regulators and investors &#8226; Continued to deepen relationships with the investment community and regulators, including extensive engagement with shareholders after the February Investor Update &#8226; Regularly meets with our principal regulators, to provide them with the transparency they require on key issues. &#8226; Chairs the 100 Group Main Committee, which represents the views of the finance directors of FTSE 100 and several large UK private companies Oversee the effective management of risk and control across Group Finance, ensuring we take full ownership of our end- to-end processes &#8226; Enhanced Financial Reporting Risk framework, delivering a simplified and transparent risk management framework, with revised Key Indicators and identification of early warning measures. &#8226; The Finance Control Environment and Management Control Approach were strengthened during 2024 and are overall rated Satisfactory. Retain focus on the colleague agenda across Group Finance - driving employee engagement, continuing to improve diversity & inclusion, developing senior talent and succession &#8226; Maintained a strong level of colleague engagement across Finance, at 81% (2023: 85%) &#8226; Continued focus on embedding the Barclays Mindset within the function, with high scores on all three indices: Empower at 84% (2023: 87%), Challenge at 82% (2023:84%), and Drive at 86% (2023: 88%) &#8226; Senior female representation in Group Finance was 33% at the end of 2024 The Committee recognised Anna Cross's very strong performance during 2024, ensuring delivery towards the achievement of the Group&#8217;s three-year plan, and the substantial achievements against both her individual and shared personal objectives. Based on that