Second line of defence: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Plural and quote marks.) |
imported>Doug Williamson (Add link.) |
||
| Line 11: | Line 11: | ||
*[[First line of defence]] | *[[First line of defence]] | ||
*[[Third line of defence]] | *[[Third line of defence]] | ||
*[[Three Lines of Defence Model]] | |||
Revision as of 22:23, 13 November 2016
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.
