Three lines of defence
Citi CRO: stress tests now vital part of bank strategy
Bank has leveraged CCAR to build culture of constant internal stress testing, says Brad Hu
3LOD helps bolster risk culture – banks
Credit Suisse links metrics gleaned from first- and second-line risk managers to pay decisions
Fed’s risk proposal puts banks on the defensive
New supervisory guidance will make business heads responsible for risk management
Risk culture: banks fall short in eyes of staff
Many risk managers believe their banks have work to do on understanding, measurement and management of risk culture
The three lines of defence: a Sisyphean labour?
Banks have revised Basel’s model to suit their risk profile, but some remain sceptical of its impact on risk culture
Op risk managers give cautious welcome to new internal audit code
Updated guidelines could strengthen third line of defence, but firms warn costs could increase
OpRisk Europe and North America wrap: cyber, 3LOD and the SMA
Future of op risk modelling a hot topic at conference, along with evolving three lines of defence framework
Three lines of defence model still evolving, say practitioners
Clearer split in responsibilities between first and second lines needed, say op risk chiefs
White paper: Operational failures of regulatory risk management
White paper: Intralinks
Integrating cyber risk into an operational risk framework
Risk managers should feed each level of the company only the risk information it needs
Banks under pressure to boost treasury risk oversight
Credit Suisse among banks that have expanded their second line of defence, conference hears
The three lines of defence: a health warning
Effective risk management is more important than what your organisational chart looks like
Three lines of defence model comes under attack
Operational risk managers say idea is too formalised and beset by implementation challenges
Three lines of defence a struggle, say op risk heads
Separation "theoretically perfect" but "practically, hugely flawed" says UBS's Hunt
GE Capital's Sabath describes '1.2 line of defence' model
Risk review and challenge belongs on the front line, conference hears