On the other hand, the regulated entities too, in the absence of detailed regulatory prescriptions, would need to develop a certain level of maturity of outlook to correctly understand the spirit of the principles while implementing them at the operational level.
·  Under such circumstances the Bank of Israel would again have to choose how to deal with the losses inherent in such an activity. It could transfer them to the banks by paying them a similar rate of interest on their NIS deposits in the Bank of Israel to the rate it receives on its foreign-currency investments.