Todos os livros

Profissional

Apps Sobre Coach Entrar Começar a ler

Quantitative Finance · Glossário

O que é Three lines of defence?

Definition 26.4 Rates, Credit, XVA and Risk · Capítulo 26 — Model Risk and Validation

The three lines of defence assign model risk to the model’s owners and users (first line: development and use), to an independent risk function (second line: validation and oversight) and to internal audit (third line: assurance that the framework works).

Ler no capítulo →