Workshop 4: Defining 1st, 2nd and 3rd line of defense

Workshop 4: Defining 1st, 2nd and 3rd line of defense

Workshop 4: Defining 1st, 2nd and 3rd line of defense - November 7

8:30 Registration and breakfast

9:00 The supervisory framework: building a stronger defence

  • Who has greater responsibility over the non-financial risks?
  • Increased regulatory and business drivers directives for greater accountability to the front office businesses as 1LOD 

9:45 The emergence of the front office control function

  • The CCO – Chief Control Officer responsibilities
  • Drivers for centralization
  • New reporting lines and front office structures 

10:30 Morning coffee

11:00 Defining first vs second line of defence

  • Roles and responsibilities between 1LOD and 2LOD
  • Expansion of the 2LOD oversight remit trend

12:30 lunch

1:30 Governance, staffing models combined with optimization strategies

  • The common purpose of strengthening accountability of the front office
  • Interactive dashboards and workflow tools under construction

2:15 The ROI of AI: How intelligent technology transforms enterprise surveillance in the innovation age

3:00 Afternoon coffee

3:30 Front office control functions – what’s next for capital market banks

  • Looking forward and challenge areas
  • Expanding mandates and enhancing tools
  • Steps forward

5:00 End of workshop