BIS Review 56/2006  1  Scoping the examination Generally, a Federal Reserve examination team begins by defining the scope of the examination; this is when examiners determine the areas of focus and level of scrutiny. The scope of the examination will vary depending on the nature and circumstances of the banking organization.
A case in point is Germany, where inflation has remained relatively low, despite a robust recovery from the crisis. But wage developments have been moderate in Germany, with compensation per employee growing by just 1.8% year on year in reflection of structural reforms that have been undertaken in the past.