Modified Current Account Balance (CA*)  Central Bank of Ireland - UNRESTRICTED  In terms of cyclical indicators, it is also helpful to keep an eye on the current account balance, which captures the gap between national income and national expenditure.
This calls for a rejig in the way in which banks approach technology. In a technology led financial sector, collaboration among all stakeholders, including competitors, could prove to be the big cost saver. With rapid strides in security standards and capabilities, such a collaboration and sharing of IT infrastructure is feasible on a much larger scale than is happening today.