Various risk mappings and assessments of the opportunities embedded in financial innovations have been carried out by the Financial Stability Board, the Basel Committee on Banking Supervision and other key bodies.
These should be an important focus of ongoing supervisory oversight and of discussions between firms and supervisors. Only in unusual circumstances should supervisors learn for the first time during CCAR of significant problems in the quality of the capital planning processes, and only in unusual circumstances should firms be surprised at the outcome of the qualitative assessment. 12  See 12 CFR 225.8(e)(2)(ii).