Examiners had detailed conversations with bank managers, which led to numerous corrections to and modifications of the firms' submissions, including sensitivity analyses based on alternative assumptions. As a second step, supervisors made judgmental adjustments to the firms' loss and revenue estimates. This process used both firm-specific and comparative analyses. For example, supervisors sometimes disagreed with the technical assumptions underlying a firm's loss forecast.
So there cannot be a ‘one-size-fits-all’ approach across the sector. Moreover, in many cases, an individual fund is less likely to be systemically important. There are thousands of funds, which – individually – may not matter for the rest of the financial system or the economy.