The Three Lines of Defense and the Ponzi Scheme Paradox: It Will All Come Tumbling Down!
In risk management and compliance circles, the three lines of defense model has long been the go-to approach. Widely adopted by banks, corporations, and institutions, it’s often presented as a structural safety net, separating operational roles, risk oversight, and audit functions to create checks and balances. When rigidly followed or implemented superficially, this model risks […]
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