Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 215

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 215
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| Group Risk ManagementMeeting                                   | Group Chief Risk and Compliance OfficerGroup Chief Legal OfficerGroup CEOGroup CFOGroup Head of Financial Crime and GroupMoney Laundering Reporting OfficerAll other Group Executive Committeemembers                  | –Supporting the Group Chief Risk and Compliance Officer in exercising Board-delegatedrisk management authority–Overseeing the implementation of risk appetite and the risk management framework–Forward-looking assessment of the risk environment, analysing possible risk impactsand taking appropriate action–Monitoring all categories of risk and determining appropriate mitigating action–Promoting a supportive Group culture in relation to risk management and conduct |
| Group Risk and ComplianceExecutive Committee                   | Group Chief Risk and Compliance OfficerChief risk and compliance officers ofHSBC’s global businessesRegional chief risk and complianceofficers and chief risk officersHeads of Global Risk and Compliancesub-functions | –Supporting the Group Chief Risk and Compliance Officer in providing strategicdirection for the Group Risk and Compliance function, setting priorities and providingoversight–Overseeing a consistent approach to accountability for, and mitigation of, risk andcompliance across the Group                                                                                                                                                                                     |

| 146 | HSBC Holdings plcAnnual Report on Form 20-F |

Risk review

| Governance structure for the management of risk and compliance (continued) |                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                |
| Authority                                                                  | Membership                                                                                                                                                                                                                          | Responsibilities include:                                                                                                                                                                                                                                                                                                                                                                      |
| Global business/regional riskmanagement meetings                           | Global business/regional chief risk andcompliance officers and chief risk officersGlobal business/regional chief executiveofficersGlobal business/regional chief financialofficersGlobal business/regional heads of globalfunctions | –Supporting the Group Chief Risk and Compliance Officer in exercising Board-delegatedrisk management authority–Forward-looking assessment of the risk environment–Implementation of risk appetite and the risk management framework–Monitoring all categories of risk and overseeing appropriate mitigating actions–Embedding a supportive culture in relation to risk management and controls |

The Board committees with responsibility for oversight of risk-related matters are set out on page 279 . Treasury risks are the responsibility of the Group Executive Committee and the Group Risk Committee. Global Treasury actively manages these risks, supported by the Holdings Asset and Liability Management Committee (‘ALCO’) and local ALCOs, overseen by Treasury Risk Management and the Group Risk Management Meeting. Further details on treasury risk management are set out on page 230 . Our responsibilities All our people are responsible for identifying and managing risk within the scope of their roles. Roles are defined using the three lines of defence model