ESFS and First line of defence: Difference between pages
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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. | |||
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. | |||
==See also== | ==See also== | ||
* [[ | *[[Second line of defence]] | ||
*[[Third line of defence]] | |||
*[[Three Lines of Defence Model]] | |||
*[[Risk mitigation]] | |||
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 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.
