Risk management

The Board of Directors, the Senior Management and the Group as a whole are firmly committed to risk management.

CaixaBank maintains a low average risk profile, comfortable capital adequacy and ample liquidity metrics, in line with its business model and the risk appetite defined by the Board of Directors.

The risk management systems implemented are adequate in relation to the approved risk profile and risk appetite and are comprised of the following:

Core elements of risk management and control 

Governance and organisation

Risk management strategic processes

internal control framework

Risk culture

Governance and organisation: this is achieved through internal policies, rules and procedures that ensure the adequate supervision by the governing bodies, steering committees, and CaixaBank's specialised human resources.
Risk management strategic processes to identify, measure, monitor, control and report risks: Risk Assessment, Risk Taxonomy, Risk Appetite Framework (RAF) and Risk Planning.
The Risk culture is a differentiating factor in the Group's decision-making and business management. It is based, among other things, on general risk management principles, employee training and performance-based evaluation/ variable remuneration of employees.
The internal control framework: structure based on the Three Lines of Defence model that provides a reasonable degree of assurance that the Group will achieve its objectives.

For more information on Risk Management and its Governance and Control system, consult the sections Pillar 3 report and Risk committee.