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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.
| | ''Capital structure theory''. |
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| These 'lines of defence' are the governance and controls to protect against risks in an organisation.
| | Modigliani and Miller. |
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| 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 == |
| | * [[Modigliani and Miller]] |
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| | | [[Category:Corporate_finance]] |
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| ==See also==
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| *[[Second line of defence]]
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| *[[Third line of defence]]
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| *[[Risk mitigation]]
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Latest revision as of 20:27, 26 June 2022
Capital structure theory.
Modigliani and Miller.
See also
