Modern Day Three Lines of Defense to Tackle Recent Compliance Challenges

In this e-book, we have enlisted the top regulatory updates on consumer protection, financial inclusion, climate change, and cybersecurity that will impact financial services businesses.

These include:

• Community Reinvestment Act (CRA)

• Section 1071 of the Dodd Frank Act

• Section 1033 of the Dodd Frank Act

• Mandatory disclosures related to ESG by SEC

• Rule 10 for cybersecurity-related disclosure

Next, we have provided our perspective on the probable solutions to deal with these new compliance rules with the modern version of the ” Three Line of Defense Model,” popularly known as the 3LD model, and highlighted essential tips to modernize this model.