White Paper: Operational Failures of Regulatory Risk Management – Updating the Three Lines of Defense Model
Is the benchmark risk management model evolving fast enough?
Afloat in the flood of regulation unleashed by the global financial meltdown is the once standard “Three Lines of Defense” model. Is this model still an effective and efficient strategy to manage Operational Risk and Compliance and Internal Auditing functions?
To find out, risk management news leader Risk.net and security innovator Intralinks sought the opinions and ideas of practitioners across all three lines at banks worldwide.
The results of this survey – current attitudes towards the 3 LoD model, along with a detailed exploration of the challenges of and solutions for managing risk in our rapidly changing regulatory environment – are published in this white paper.