First 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.) |
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Revision as of 09:23, 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 line of defence are the governance and controls to protect against risks in an organisation.
The first line of defence is risk mitigation and control within the business function that generates the risks, in particular through policies and procedures, training and line management oversight.
