Santander CACEIS Brasil DTVM S/A operates in accordance with the corporate risk policies of Santander Group, in line with local and global objectives. It develops the guidelines of the board of directors in accordance with the regulations of the Central Bank and international best practices, with the objective of protecting capital and guaranteeing the profitability of the business. The risk function is to develop policies and strategies for the management and control of credit, market and operational risks in accordance with the limits established in the board of directors.