Financial risk management in the financial institutions

Dear writer

I hope you are doing great, itas a part of my literature review which is mean I donat want introduction and conclusion and I want at least two references of each question and not more than 320 words. The article have to be academic journal and it is not permitted to use any text books and the most important it has to be theoretical.

1-What went wrong in the risk management process in the financial institution especially commercial and investment banks?

2-how to hedge using financial instruments to manage costly exposures to risk in the financial institution especially commercial and investment banks?

3Which risks are cheaper for the firm to manage than the shareholders?

Best regards