I might add that we are trying to look at this. It’s not just an issue of guidance, but we are going back through the supervisory process in terms of what we’ve learned through these interviews and challenging our beliefs and prior assessments.

I might add one thing to that. In interviews we did with some firms, one point that they made was that stress testing was informative and important, but a next step they’re trying to take is what it would take to cause that stress event to happen for different ...

Thank you. To support the Financial Stability Forum’s Working Group on Market and Institutional Resilience, as noted in the top panel of exhibit 8, supervisors from France, Germany, Switzerland, the United Kingdom, and the United States formed the “senior supervisors group” in late October. Participating U.S. supervisors included ...