First line of defence and Non-standard monetary policy: 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.
Non-standard monetary policy measures are ones that are additional to the historical measures of open market operations, the central bank discount rate and reserve requirements.


These 'lines of defence' are the governance and controls to protect against risks in an organisation.
Also known as 'unconventional' monetary policy tools.




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 ==
* [[Forward guidance]]
* [[Lending operations]]
*[[Monetary]]
* [[Monetary policy]]
* [[Monetary Policy Committee]]
* [[Negative interest rate policies]]
* [[Quantitative easing ]]
* [[Reserve requirements]]
* [[Unconventional monetary policy]]


 
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
==See also==
[[Category:Identify_and_assess_risks]]
*[[Second line of defence]]
[[Category:Manage_risks]]
*[[Third line of defence]]
[[Category:Cash_management]]
*[[Three Lines of Defence Model]]
[[Category:Financial_products_and_markets]]
*[[Risk mitigation]]
[[Category:Liquidity_management]]

Latest revision as of 00:25, 12 March 2023

Non-standard monetary policy measures are ones that are additional to the historical measures of open market operations, the central bank discount rate and reserve requirements.

Also known as 'unconventional' monetary policy tools.


See also

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