4  BIS Review 104/2009  •  Fourth, cross border resolution issues will continue to be daunting especially as national regulators will seek to protect domestic depositors and stake holders.
•  Fifth, convergence toward international accounting standards will be a huge challenge in terms of not only bringing in the changes in standards that are appropriate for the country but also for putting in place systems and capabilities to facilitate convergence. Issues such as putting in place prudential filters for not distributing unrealised gains would also arise.