Liquidity management and Third line of defence: Difference between pages
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The | 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 third line of defence is an independent assurance function - the internal audit function. | |||
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[[ | ==See also== | ||
*[[First line of defence]] | |||
*[[Second line of defence]] | |||
* [[Audit]] | |||
Revision as of 10:37, 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 third line of defence is an independent assurance function - the internal audit function.
