While over the past decade there has been an increasing convergence between the activities of investment and commercial banks, because of the deregulation of the fincial sector, today, some investment banking [that covers an array of services from asset securitization, coverage of mergers, acquisitions and corporate restructuring to securities underwriting, equity private placements and placements of debt securities with institutiol investors] and commercial banking institutions [banking that covers services such as cash magement (money transfers, payroll services, bank reconcilement), credit services (asset-based fincing, lines of credits, commercial loans or commercial real estate loans), deposit services (checking or savings account services) and foreign exchange] compete directly in money market operations, private placements, project fince, bonds underwriting and fincial advisory work. Taken together, these changes have made banks an even more important entity in the global business community on the one hand, while on the other the risks dimensions have leapfrogged.