They were easily led to consider the flames that were consuming France, not as a warning to protect their own buildings (which were without any party wall, and linked by a contignation into the edifice of France,) but as an happy occasion […]
There was a run on Christmas presents.
The chief risk officer (CRO) title first appeared in a 1988 Peat Marwick study on global capital markets. The first CRO was James Lam of GE Capital, in 1993.
Proverse selection is the opposite of the more familiar adverse selection problem in which individuals who know or suspect that they will need insurance are more likely to apply for it.[…]Proverse selection[…]operates as an incentive to reveal positive information about one's risk profile, even if not required (or, sometimes, even if prohibited).
adverse selection
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