First leg and First line of defence: Difference between pages
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imported>Doug Williamson (Create page. Source: UK Money Markets Code April 2017: http://www.bankofengland.co.uk/markets/Documents/money/code/ukmoneymarketscode.pdf) |
imported>Doug Williamson (Plural and quote marks.) |
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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]] | ||
*[[Risk mitigation]] | |||
* [[ | |||
* [[ | |||
Revision as of 10:36, 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 '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.
