Alan Greenspan: The challenge of measuring and modeling a dynamic economy Remarks by Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, delivered at the Washington Economic Policy Conference of the National Association for Business Economics, in Washington DC on 27 March 2001.
While until now, the “three lines of defence model” has been used traditionally to model the interaction between corporate governance and internal control systems, international standard setters and policy-makers are calling for a stronger interaction between banks and supervisors, particularly on the governance of risk.