Why we need tougher 1LOD controls
By Jeffrey L. EdwardsMay 22, 2024
![1LOD controls](https://www.bankingriskandregulation.com/wp-content/uploads/2024/05/GettyImages-1412438399-1024x576.jpg)
It has become fashionable to say the first line of defence needs beefing up. I’m a strong advocate of this principle. Having worked in senior roles at Wells Fargo and Bank of America, when the business is empowered to own risk we get better business outcomes.
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