Many articles have been written and discussed on the Three Lines of Defence model. Some have theorised on its implementation and many have collectively discussed the challenges that organisations have faced, and a few have outlined why it may not be appropriate. However, that all said, the FCA’s 2017 review of Compliance found that all firms that participated in the survey had adopted the Three Lines of Defence model.
In this article, David Long, Charanpal Matharu and Nick Wilcock outline some key insights observed by the Non-Financial Risk Practice at Delta Capita. This may prompt organisations to review the effectiveness of their framework.