2LOD definition
2LOD means Second Line of Defence; “3LOD” means Third Line of Defence;
2LOD means Starling’s second line of defence (i.e. compliance department and the risk functions which are responsible for overseeing the risk management framework).
2LOD means the second line of defence in the Banks’ “three lines of defence” risk management model – in the context of this notice, this was MCR and, from November 2011, CCOR;