Development of Risk Management Flashcards
1
Q
What is the Plimsoll Line?
A
The level of cargo that a ship could carry safely without being dangerously overloaded.
2
Q
In which decade did Risk Management become a recognised specialist field?
A
1980s
3
Q
When was Solvency 1 adopted?
A
1973
4
Q
When was Basel 1 formulated and adopted?
A
Formulated in 1988 and adopted by G10 in 1992
5
Q
When were VaR models widely adopted by FS firms?
A
1997
6
Q
When was Basel 3 formulated and adopted?
A
Formulated in 2010/11 and adopted in 2018.
7
Q
In which decade was the first CRO appointed?
A
90s
