Three Lines of Defence: time for a revamp?By Blake Evans-Pritchard
July 3, 2023
The holy grail of risk management needs to be beefed up, says the Financial Markets Standards Board (FMSB). The UK’s standard-setter for banks is calling for firms to strengthen the widely adopted Three Lines of Defence (3LOD) framework, to keep up with the fast-changing times.
April 28, 2023
Financial institutions should review their approach to internal control functions in light of the increasing and evolving demands being placed on them, according to a new report. A new report...Read more