1 In your view, what were the main reasons for the crisis at Westpac? Note: In your answer you need to consider the risk implications of Westpac's strategic responses to the changes in the external environment. Question 2 Apply Simon's (1999) risk calculator to assess Westpac's risk exposure. Briefly justify the ratings given to the risk areas and provide an overall assessment of Westpac's level of risk exposure. Question 3 Comment on the role of Westpac's belief system in identifying the risks and recognising the crisis. In your answer, dicuss the role of the board and the relationship between the board and management. Question 4 Provide suggestions for how Westpac could have avoided the crisis. Apply Simon's (1999) 4 levels of control to inform your suggested initiatives