Summary
The three lines of defense (3LOD) concept was first mentioned by the UK’s Financial Services Authority and then promoted by the Institute of Internal Auditors (IIA) in 2013; since then, the model has become ubiquitous among financial institutions. Although it’s often considered a pillar of enterprise risk management, make no mistake: 3LOD isn’t a framework for managing risk. Risk leaders must instead embrace a new way of managing risk using the Forrester Continuous Risk Management Model.
Log in to continue reading
Client log in
Welcome back. Log in to your account to continue reading this research.
Become a client
Become a client today for these benefits:
- Stay ahead of changing market and customer dynamics with the latest insights.
- Partner with expert analysts to make progress on your top initiatives.
- Get answers from trusted research using Izola, Forrester's genAI tool.
Purchase this report
This report is available for individual purchase ($1495).