Conduct additional research on Bank of America. Write the next section of the risk management plan in which you discuss individual versus commercial lending practices, risk measurement techniques, and benefits of transfer credit risk.
In this paper, please address the following questions:
- How would you describe the individual and commercial lending practices at Bank of America?
- How would you measure credit risk at Bank of America? Be sure to discuss techniques for measuring individual credit products and commercial credit products.
- How would Bank of America benefit from transfer of credit risk?
- What changes would you recommend in Bank of America's lending practices?