Which of the following is considered to be the responsibility of the legal risk manager?
I.Inadequate documentation o f OTC derivatives transactions
II.The enforceability of netting agreements in bankruptcy
III.Default on interest and principal payments
C.I and II only
Legal risk management is concerned with adequate documentation,public filings,compliance with regulatory entities,and some borrower impositions.The legal manager is also involved in deciding if default has occurred and,if so,assisting with the enforcement of netting agreements.
The role of risk management in corporate governance(题库原题