The brain gain

The Key Developments

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The history of risk management can appear to have a smooth inevitability. One development kicks off another as though they were dominoes lined up for exactly that purpose. But it only seems that way in hindsight. At the time, there were arguments, wrong turns, blind alleys, failed ideas and surprise successes. Some ideas got off the ground because they were lucky. Others did so because of moments of individual bravery or brilliance. And many good ideas fell by the wayside.

One example of the

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