“Banking Industry Meltdown: The Ethical and Financial Risks ofDerivatives.” Write a four to six (4-6) page paper that answers the following questions:1. Determine which moral philosophy (as discussed in Chapter 6) is mostapplicable to an understanding of the banking industry meltdown. Explain yourrationale.2. Analyze the case study and discern if the “white collar” crimes committeddiffer in any substantive manner from other more “blue collar” crimes.3. Determine and discuss the role that corporate culture played in bankingindustry scenario. Support your response with specific examples.4. Postulate how leaders within the banking industry could have used theirinfluence to avert the industry meltdown.5. Include at least three (3) references, no more than three (3) years old, frommaterial outside the course.The format of the paper is to be as follows:o Typed, double-spaced, Times New Roman font (size 12), one-inch margins onall sides (APA format).