Myths in Risk Management — Can Risks Be Registered?
Years ago, I worked in a bank. I‘m sure the concept of a “register” came from a banker initially. Banks had registers for everything. One of my jobs was to keep the collateral register postings up to date.
When a customer opened a line of credit, they were required to pledge something, usually marketable securities, as collateral. I posted the collateral in the register and someone else placed the securities in the vault, where they’d stay and gather dust.