Please answer the following question:
Question 1: What are the components of the KMV Portfolio Manager Model?
Question 2: Contrast debt repudiation with debt rescheduling.
Question 3: Do you believe that capital adequacy requirements in the commercial banking and thrift industries have been strengthened over time? Why or why or not ?
Question 4: Contrast economies of scale with economies of scope.
Question 5: Discuss the regulatory issues pertaining to technology and operational risks.
Note: Provide support for rationale.