Financial Markets Standards Board Members representing communities active in global wholesale financial markets have reviewed the 3 Lines Model. The resulting Spotlight Review and Risk Register for practical application and benchmarking aims to assist firms in assessing aspects of their holistic risk management frameworks using the 3 Lines Model as a lens. The work will help the industry to reduce incidents of siloed knowledge, fudged accountability, duplication, technical problems and misconduct; it will be of interest to market practitioners, Board members and executives, and those working in the field of risk.