Embracing technology could be a better solution. Government should fund open technology development as necessary to ease the burden of financial regulatory com

Embracing technology could be a better solution. Government should fund open technology development as necessary to ease the burden of financial regulatory compliance. Technology could and should make it possible for smaller banks to comply with federal regulations with the same efficiency as big banks -- at the same time, federal regulations should be allowed to become as complex as necessary to surface and discourage fraud and systemically risky behavior.