Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 95

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 95
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 the governance forums related to the topic of risks, we highlight:
 
·                              The Board of Directors approves and reviews risk management strategies, policies, and                            
    structures for risk and capital management, including risk appetite and exposure limits by risk types, as well as well as the stress testing
                                   program, including its results, applied scenarios, and underlying assumptions;                               
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·                       Risk Committee: its purpose is to evaluate the framework of our risk management and, eventually,                    
    propose improvements and challenge our risk structure in the face of new trends and/or threats, as well as advise the Board of Directors
                               on the performance of its attributions in risk and capital management and control;                           
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·                      The Integrity and Ethical Conduct Committee aims to propose actions regarding the dissemination                   
    and compliance with our Corporate and Sectoral Codes of Ethical Conduct, and the conduct rules related to integrity, anti-corruption,
                                      and competition, to ensure their effectiveness and efficiency; and                                 
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·                       The Audit Committee reviews the integrity of financial statements and recommends to the Executive                     
    Officers corrections or improvements to policies, practices, and procedures identified in accordance with their scope of responsibilities.
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Ø  Risk Appetite Statement (RAS)
 Our risk appetite defines the types and levels of risks we are willing to accept in pursuit of our business and objectives. It is embedded in our corporate risk management framework, which, in turn, shapes our culture and actions.
 Risk appetite is defined and formalized by Senior Management, with approval from our Board of Directors, supported by our Risk Committee and COGIRAC. Our Board of Directors is tasked with validating proposals regarding our risk appetite and exposure limits across various risk types, as well as reviewing risk management policies and capital plans presented by executive and technical committees.

47 – Form 20-F 2024 | Bradesco
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The Risk Appetite Statement (RAS) directs our strategic and business plans, shapes budget allocation and allows Senior Management to optimize capital allocation within acceptable defined risk parameters.
 
4.B.20.01-01 Credit risk
 Credit risk represents the possible losses resulting from a borrower or counterparty’s non-compliance with its financial obligations under any agreement, as well as the decrease in fair value of a credit agreement due to the deterioration in the borrower’s credit rating, the reduction in gains or remuneration, benefits granted during renegotiation, recovery costs and other amounts related to the non-compliance with the counterparty’s financial obligations