Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 462

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 462
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. non-traded market risk VaR. Although the underlying methodology to calculate the non-traded VaR is identical to the one used in traded management VaR, the two measures are not directly comparable. The non-traded VaR represents the volatility to capital driven by the FVOCI exposures. These exposures are in the banking book and do not meet the criteria for trading book treatment.

| Analysis of volatility of the FVOCI portfolio in the liquidity pool |         |      |     |         |      |     |
|                                                                     |    2024 |      |     |    2023 |      |     |
|                                                                     | Average | High | Low | Average | High | Low |
| For the year ended 31 December                                      |      £m |   £m |  £m |      £m |   £m |  £m |
| Non-traded market value at risk (daily, 95%)                        |      61 |   70 |  50 |      76 |   90 |  61 |

Daily Value at Risk has been lower on an average in 2024 relative to 2023 driven by a combination of position changes and market volatility reduction.

| Strategy                            | Shareholderinformation | Climate andsustainability report | Governance |     | Riskreview | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 304 |
| Risk performance - Operational risk |                        |                                  |            |     |            |                 |                     |     |                                            |     |

Operational risk All disclosures in this section are unaudited unless otherwise stated. Overview Operational risks are inherent in the Group’s business activities, and it is not cost effective or possible to attempt to eliminate all operational risks. The Operational Risk Framework is therefore focused on identifying operational risks, assessing them and managing them within the Group’s approved risk appetite The Operational Risk principal risk comprises the following risks: Change Delivery Management Risk, Data and Records Management Risk; Financial Reporting Risk; Fraud Risk; Information Security Risk; Operational Recovery Planning Risk; Payments Process Risk; People Risk; Physical Security Risk; Premises Risk; Risk Reporting; Supplier Risk; Tax Risk; Technology Risk and Transaction Operations Risk. The operational risk profile is also informed by a number of Connected Risks: Data, Resilience, Third Party Service Provider and Model Connected Risk. These Connected Risks represent threats to the Group that extend across multiple risk types, and therefore require an integrated risk approach to reporting and monitoring the