London, United Kingdom
13 June 2008

Optimizing Control Functions: 
Achieving Lean and Solid in Meager Times 

Table of Contents

Return to report Abstract

Executive Summary 3
Introduction 5
Drivers Towards a Tighter Control Environment 6
Compliance 2.0: Emerging Pressure Points 11
Surveying an Institution's Control Activities 13
Nuances Around Various Geographies 15
Addressing the Streamlining Challenge: Actions to Take 15
  Clarify the Three Lines of Defence 15
  Align Activities and Tools with Stakeholder Requirements 17
  Target Your Intended Capability Mix 18
  Align Process-Level Risk Profiles with Control Environment 21
  Adopt the Appropriate Organizational Model 24
Forces That Shape Optimum Design of Control Functions 25
Conclusions -- Looking Forward 33
Appendix 35
  Control Function Capability Mix 35
 

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