Second line of defence: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England, ''Fair and Effective Markets Review'', June 2015.) |
imported>Doug Williamson (Plural and quote marks.) |
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The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | ||
These | These 'lines of defence' are the governance and controls to protect against risks in an organisation. | ||
Revision as of 10:37, 5 August 2015
The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets.
These 'lines of defence' are the governance and controls to protect against risks in an organisation.
The second line of defence is an independent oversight function - commonly the risk functions monitoring each key risk category.
