For this assignment, you will write a minimum three-page paper (not including APA title or references pages). In this paper, please address the following:

• Discuss why credit risk management within the financial sector is so significant.
• Why do you think so many banks failed to properly manage risk prior to the financial collapse?
• What are the consequences of failures of credit risk management and who do they affect?
• What measures can banks employ to mitigate credit risks

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