Understanding the Three Lines of Defence

Understanding the Three Lines of Defence

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Original Source: In Consult by Mitchell Morley 

The notion of “lines of defence” no doubt has its origins in military planning and sport. However the origin of the Three Lines of Defence Model is a little unclear. It appears to have gained prominence around a decade ago following its adoption by the former UK Financial Services Authority as the preferred model for managing operational risk in the UK financial sector…

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