In this same vein, regulators should monitor carefully the consequences of the new standards and, if need be, should consider an appropriate transition period from a prudential point of view. One must not forget the interaction of the new accounting rules under IFRS 9 and the solvency requirements for banks.
Thus, while banks can and ought to use ICT platforms to develop competitive advantages, it is important that these platforms carry the capability of harmonization with the systems of other banks. In this regard the central bank has just issued Guidelines for the Operation of ATMs and Point of Sale Systems, for the attention of the industry.