Assume that you are the CEO of CIBC.

The bank has a large portfolio of Canadian mortgages

The economy is changing dramatically and there is a big expectation that both the interest rates and inflation will increase, which may result in a large default percentage for the mortgages that the bank carries

Identify the different measures that the bank should take to mitigate the risk of the events that can ensue from thisincrease in inflation and interest rates

Create a risk matrix that shows howdifferent possible events (at least four)can be categorized

Provide specific numeric examples based on the company financial statements