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.) |
imported>Doug Williamson (Classify page.) |
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1. ''Banking''. | |||
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. | ||
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. | 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. | ||
2. | |||
Similar concepts and structures in other organisations. | |||
==See also== | ==See also== | ||
*[[Risk mitigation]] | |||
*[[Second line of defence]] | *[[Second line of defence]] | ||
*[[Third line of defence]] | *[[Third line of defence]] | ||
*[[Three Lines of Defence Model]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 14:34, 1 July 2022
1. Banking.
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 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.
2.
Similar concepts and structures in other organisations.
