Domestic and smaller banks have hired the services of accounting firms to assist them in the implementation of IFRS 9.
At the end of each stage, the progress made in all three areas should be scrutinised with a view to deciding, in the light of the result of that scrutiny, whether the next stage could be inaugurated. In the final stage, not only the monetary policy responsibilities but also, in particular, key economic and fiscal policy powers should be transferred to the Community.