Third line of defence: Difference between revisions
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imported>Doug Williamson (Expand. Source: Linked pages.) |
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1. ''Banking'' | 1. ''Banking''. | ||
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. | 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. | ||
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*[[Second line of defence]] | *[[Second line of defence]] | ||
*[[Three Lines of Defence Model]] | *[[Three Lines of Defence Model]] | ||
[[Category:Manage_risks]] | |||
Latest revision as of 12:31, 2 July 2022
1. Banking.
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.
2.
Similar concepts and structures in other organisations.
