What is the Three Lines of Defense Approach to Risk Management?
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OCTOBER 31, 2023
What is the Three Lines of Defense Approach to Risk Management? Last Updated: October 31, 2023 Recently, the FDIC unveiled new standards for financial institutions with over $10 billion in assets. The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance
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