If it is, we need to look more closely at how well the incentives are balanced. The few respondents to the interagency advance proposal for noncomplex banks suggested some revisions to the current standard. Specifically, they suggested reduced requirements on certain assets, such as low loan-to-value mortgages and certain collateralized consumer loans.
Some of the common risks prevalent include cyber-related frauds which can arise from hacking of IT systems and/or manipulation of IT databases. •  Relatedly, the efficiency gains from technology have changed the nature of the execution of financial and economic crimes as well as financing of terrorism providing a faster and diversified means by utilizing IT infrastructure.