In complex risk environments existing within and outside any organisation, it is important to have in place a risk management framework, a process creating clear communication channels and filling gaps in controls that can lead to future problems if not treated. Three Lines of Defense (“3LOD”) seeks to solve the issues of poor risk governance. Reputedly derived from the work by Weike and Sutcliffe, “Managing the Unexpected”, published in 2001, Three Lines of Defence (3LOD) is now a risk management governance framework widely adopted by financial institutions internationally. However, much within the 3LOD approach is equally applicable to every enterprise, not just those that operate in the financial sector.
Three Lines of Defense: A Methodology for Enterprise Risk Governance to Help the Organisation Make Smarter Decisions
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We are the catalyst for risk transformation, resilience creation and growth acceleration of our client's enterprise value. We will future-proof your organisation.
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