In our continuing quest to improve how companies manage risk, it’s inevitable we’d eventually discuss the “Three Lines of Defense,” a risk management model for clarifying roles and ...

Called “The Three Lines Model,” the new approach is designed to help organizations identify structures and processes that best assist the achievement of objectives and facilitate strong governance and ...

One of the most effective is the three lines of defence approach. This strategy gives the board and senior management three clear line functions to rely on, to ensure the effectiveness of the ...

The IIA’s existing position paper, “ The Three Lines of Defense in Effective Risk Management and Control,” was last updated in 2013. While it was originally rooted in the financial services industry, ...

The Three Lines of Defense model, abbreviated as 3LOD, is a modern tool for enterprise risk management that has shifted corporate philosophy. This model creates an environment where everyone in an ...

Regulators are certainly keen on the idea. In operational risk, the use of the three lines of defence is an important part of the Basel Committee on Banking Supervision's 2011 Principles for the sound ...

It suggests how one of the key tools of risk management- the Three Lines of Defense concept- can be applied to tax and the auditing of tax. The recommendations are not difficult to implement, ...

For data management to be successful, it is critical that your firm establish three lines of defense to ensure that everyone is aware of their roles and responsibilities concerning data risk.

In our continuing quest to improve how companies manage risk, it’s inevitable we’d eventually discuss the “Three Lines of Defense,” a risk management model for clarifying roles and ...

Thomas Jefferson held aloft the separation of church and state. In a similar way, many risk managers prize the three lines of defence. Most large financial institutions have adopted the three lines of ...