TBUK Continues to Improve First Line Risk Management

TBUK MLPO, Kumar Amitouj Jain, attended an AFB workshop hosted by BDO LLP, which focused on further enhancing first-line risk management and compliance. The session highlighted the growing emphasis by UK regulators on firms strengthening their internal control frameworks, with particular attention to the role commonly referred to as the 1.5 line of defence, which plays a crucial role in improving risk management.

Michael Haddon, a Principal in BDO’s Financial Services Advisory, and Shrenik Parekh, a Director in BDO’s Financial Services Advisory, were the speakers for this workshop. The session covered the pros and cons of establishing a 1.5 line and provided general information about first-line risk management. This workshop helps TBUK enhance its knowledge of first-line risk management and compliance.