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Analysis, Culture & Conduct, Governance, Risk Management

Three Lines of Defence: time for a revamp?

By Blake Evans-Pritchard
July 3, 2023
Image: Getty Images

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.

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