European Commission 21 February 2025, Commission Decision (EU, Euratom) 2025/369 of 21 February 2025 establishing the role of the Chief Risk Officer overseeing the financial risks arising from the Union’s financial operations

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European Union · · · Cited by 7 · 21-02-2025

SECTION 1. SUBJECT MATTER AND DEFINITIONS
Article 1. Subject matter
Article 2. Definitions
Article 3. Close cooperation on financial risk management
SECTION 2. ROLE OF THE CHIEF RISK OFFICER
Article 4. Status and independence of the Chief Risk Officer
Article 5. General tasks of the Chief Risk Officer
Article 6. Specific tasks in respect of EU borrowing, debt management, liquidity management and asset management operations
Article 7. Specific tasks related to assessment of financial risks of programmes or instruments authorising budgetary guarantees and loans
Article 8. The High Level Risk and Compliance Policy
Article 9. Thematic risk and compliance policies
Article 10. Specific elements of thematic risk and compliance policies establishing risk framework for the Union’s budgetary guarantees and loans
Article 11. Implementation of the High Level Risk and Compliance Policy and thematic risk and compliance policies
Article 12. Advice to mitigate financial risks
Article 13. Reports and information on financial risks
SECTION 3. SUPPORT TO THE CHIEF RISK OFFICER
Article 14. Compliance Officer
Article 15. Risk and Compliance Committee
Article 16. Members and organisation of the Risk and Compliance Committee and the sub-committees
Article 17. Secretariat of the Risk and Compliance Committee
Article 18. Pre-consultations on the High Level Risk and Compliance Policy and of thematic risk and compliance policies
SECTION 4. FINAL AND TRANSITIONAL PROVISIONS
Article 19. Repeal
Article 20. Transitional provisions
Article 21. Entry into force and application

Official Journal
of the European Union

L series

2025/369

25.2.2025

COMMISSION DECISION (EU, Euratom) 2025/369

of 21 February 2025

establishing the role of the Chief Risk Officer overseeing the financial risks arising from the Union’s financial operations

THE EUROPEAN COMMISSION,

Having regard to the Treaty on European Union,

Having regard to the Treaty on the

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