3LOD helps bolster risk culture – banks

Credit Suisse links metrics gleaned from first- and second-line risk managers to pay decisions

A harmonious three lines of defence framework can help foster risk culture, say banks

Establishing a strong risk culture across a large universal bank with a global footprint remains an immense challenge, risk managers agree – but a well-implemented and -managed three lines of defence (3LOD) framework can help.

Speaking earlier today (April 25) at the OpRisk Asia conference in Singapore, Eva Gessner, head of business risk organisation for South-east Asia at UBS Wealth Management, suggested first-line risk managers had to have confidence that they would not be penalised for

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