Third line of defence: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England, ''Fair and Effective Markets Review'', June 2015.) |
imported>Doug Williamson (Added Audit to See also) |
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*[[First line of defence]] | *[[First line of defence]] | ||
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Revision as of 09:47, 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 line 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.
