Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 51

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 51
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 reporting the risks we accept and incur in our activities. We continue to actively review and develop our risk management framework and enhance our approach to managing risk. Ñ A summary of our current policies and practices regarding the management of risk is set out in the ‘Risk management’ section on pages 127 to 130 of the Annual Report and Accounts 2024 .

Key developments in the first half of 2025 In the first half of 2025, we continued to manage risks related to macroeconomic and geopolitical uncertainties and develop risk management capabilities through the continued enhancement of our risk management framework. We also retained our focus on risk transformation and financial crime and continued to assess the Group’s operational resilience capability while prioritising the most significant enterprise risks. We made progress with and continue to develop capabilities to address key risks described in our Annual Report and Accounts 2024. More specifically, we sought to enhance our risk management in the following areas: – We have advanced our comprehensive initiative aimed at strengthening our global regulatory reporting processes and making them more sustainable, including enhancements to data, consistency and controls. While this programme continues, there may be further impacts on some of our regulatory ratios as we implement recommended changes and continue to enhance our controls across the process. – We strengthened our control environment through the continued embedding of our Global Control Oversight function, which aims to drive a centralised approach to controls oversight across the first line of defence business and process owners, including a globally consistent approach to control standards, aggregated reporting and testing. – We enhanced our technology and cybersecurity controls to help improve the resilience and security of our technology services in response to the heightened external threat environment. – We responded to new innovations in the financial system, including growing adoption of digital assets and currencies, as well as the evolving use of AI through reviewing and enhancing controls across risk areas to help us and our customers safely benefit from innovation. – We enhanced our processes, framework and controls to improve the oversight of our third parties. We have strengthened our due diligence and monitoring capabilities with respect to the financial stability of our third parties to better manage our supply chain and we continue to assess and seek to manage operational resilience. – We have delivered further enhancements to the way we manage climate considerations across the organisation. This has been achieved through risk policy and guideline updates and further development of our risk metrics and assessments to help monitor and manage exposures. Additionally, we have reviewed a number of climate models and have sought to enhance our internal climate scenario analysis capabilities. – We deployed advanced technology and analytics capabilities into new markets to improve our ability to