For this phase of the course project, you will conduct additional research for the bank you chose as the subject of your project. Write the next section of your risk management plan in which you discuss credit risk in relation to retail banking. Be sure to include a discussion of retail banking services and the risks associate with providing consumer credit individuals and institutions.
In this paper, please address the following questions:
- What are the credit risks faced by retail banking?
- How are credit risks associated with individuals different from credit risks associated with institutions?
- What retail banking services does your bank provide to individuals?
- What retail banking services does your bank provide to institutions?
- How does your bank assess credit risks and does your bank have an effective plan for managing and mitigating these risks? Explain.