Algo Trading Controls and Governance

Outline:

20 member banks of the International COO Community (iCOOC) participated in the May Q2 2022 Algo Trading 1st Line Business Controls Working Group. In attendance was the global leads for 1st Line Risk, Controls and Governance for Algo Trading.

Objective:

  • To establish a strong commercial case for controls beyond the boundary demand.
  • To discuss the future operating state of the three lines of defence (3LoD) model, to explore the dynamics between first and second line in the 3LoD model and address staffing challenges between 1LoD and 2LoD
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