Adequate risk management is essential for the business of any credit institution, especially one like CaixaBank, which mainly operates in retail banking and considers the confidence of its customers to be a core value.
Risk control is fully ingrained in the business and the Entity plays a proactive role in ensuring that it is implemented. Senior Management participates directly in maintaining the internal control framework, ensuring that it is executed prudently, and in the ongoing capital management and planning to guarantee the level of capital available is in keeping with the Entity’s risk level. The risk management system is comprehensive and consolidated at corporate level. This way, its sets a risk profile that is aligned with the Group’s strategic objectives.
The Risk Management System itself comprises the following elements:
For more information on Risk Management, refer to the Pilar III section.