Risk review The management of risk is a critical underpinning to the execution of Barclays’ strategy. The material risks and uncertainties the Group faces across its business and portfolios are key areas of management focus. Pillar 3 Page Report Risk management strategy Enterprise Risk Management 266 93 Overview of Barclays’ approach to risk Segregation of duties – the ‘Three Lines management. A detailed overview together 266 93 of Defence’ model with more specific information on policies that the Group determines to be of Principal risks 268 93 particular significance in the current operating environment can be found in the 268 94 Barclays PLC Pillar 3 Report 2022 or at 268 95 barclays.com 268 97 Material existing and emerging risks 269 N/A Insight into the level of risk across our business and portfolios, the material existing 273 N/A and emerging risks and uncertainties we face and the key areas of management focus. Credit risk 274 N/A Market risk 275 N/A Treasury and Capital risk 275 N/A Liquidity risk 275 N/A Capital risk 276 N/A IRRBB 276 N/A Operational risk 276 N/A Tax risk 279 N/A Model risk 279 N/A Conduct risk 279 N/A Reputation risk 280 N/A Legal risk 280 N/A