Which of the following was a consequence of the financial revolution which drast

Question

Which of the following was a consequence of the financial revolution which drastically changed risk management in the 1970s?
Which Answer
Managements created separate categories for handling different types of risks.
A group of specialists were created who handled risk assessment for the entire organization and reported only to headquarters.
Risk analysis was decentralized by concentrating on risks at the division-level.
It became easier to assess market risk with the introduction of various new tools of financial management.

Explanation / Answer

A group of specialists were created who handled risk assessment for the entire organization and reported only to headquarters.

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