Financial management is a critical component of the broader subject of risk management. Inadequate financial management makes an organization vulnerable to a number of risk exposures.Organizations in the finance sector have a greater impact on the aggregate economy than organizations in other sectors. The consensus among scholars and academics alike is that the private banking industry was insufficiently regulated prior to the most recent financial crisis. This lead to inappropriately relaxed risk management environments within banks which lead to the near collapse of the global economy.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 questions:Review theAPA Citation Online Guidefor assistance with citing sources using APA format.Submit your completed assignment by following the directions linked below. Please check theCourse Calendarfor specific due dates.Save your assignment as a Microsoft Word document. (Mac users please remember to append the .docx extension to the filename.) The name of the file should be your first initial and last name followed by an underscore and the name of the assignment and an underscore and the date. An example is shown below:Jstudent_exampleproblem_101504Need Help? Click here for complete drop box instructions.