border
Download an overview of RiskBusiness Services in English  Go to the RiskBusiness Americas Web Site  Go to the RiskBusiness Latin America Web Site  Download an overview of RiskBusiness Services in French  Download an overview of RiskBusiness Services in Italian  Download an overview of RiskBusiness Services in Japanese  Download an overview of RiskBusiness Services in German  Download an overview of RiskBusiness Services in Russian  Download an overview of RiskBusiness Services in Chinese  Download an overview of RiskBusiness Services in Romanian

RiskBusiness is an international risk advisory firm specialising in the design and delivery of industry-leading operational and enterprise risk management solutions. We provide tools, advice and services to individual institutions, industry associations and regulators. We focus primarily in financial services but have worked with clients and associations in healthcare, travel & tourism and natural resources.

RiskBusiness publishes guidance on three lines of defence
While there has been a lot of discussion as to what constitutes a three lines of defence model, there remains across all industries and especially within financial services, little understanding of the ramifications of actually implementing a risk agnostic, organisation-wide three lines of defence model.

Drawing upon its experiences in working with a wide range of firms across the globe, of different size, complexity and management structure, RiskBusiness has established a step-by-step guide to help firms establish a robust, proactive three lines of defence model which can stand the test of time. The resultant approach allows for custom models – there is no one size fits all – which have been tried and tested in corporate entities, banks, insurers, asset managers and other firms.

“Three lines of defence is not about risk management,” states Mike Finlay, chief executive of RiskBusiness International. “You cannot try and apply a model that affects corporate structure, individual accountability and, as a consequence, corporate culture by thinking it is a risk management initiative – even worse if you think it only applies to operational risk and perhaps to the compliance function. Three lines of defence is integral to the DNA of the firm, it starts with the vision, mission and values, flows through corporate governance, corporate strategy and overall business objectives into the everyday functioning and decision making of the entire enterprise. It is all about the core principles we base our business on – and how we measure ourselves against the achievement of those principles and our business objectives.”

Global regulation, particularly in the financial services industry, is increasingly focussing on good governance and how the Board and executive management behave and run the enterprise. To comply with the ever increasing volume of regulation and to achieve the firm’s potential, every enterprise should implement a robust governance structure which embraces the three lines of defence concept, making this guidance an invaluable resource for every firm, irrespective of geography, size or nature.

For more information click here.
We partner with our clients at both corporate and business line levels to align stakeholders, review and critique existing risk programs, design customised content specific to their needs incorporating industry standards where possible, build or offer tools and pilot and implement enhanced risk programs. We also offer web-based risk management tools and risk content delivery services on a subscription basis, as well as technology to support secure benchmarking of a wide range of risk and business data, to support data exchanges and peer group comparison and analysis.

Established in 2003, our advisory team consists of seasoned risk professionals who have proven experience in designing, delivering, implementing and maintaining leading risk management solutions. Our principal advisory locations are London, Zurich, Auckland and Hong Kong and in 2010 we established a partnership with Madison-Davis called RiskBusiness Americas, www.riskbusinessamericas.com, to jointly promote our services in the Americas. In 2012, RiskBusiness extended its global footprint when it incorporated ACMEConsultora to establish RiskBusiness Latin America, RiskBusiness Latin America.

border