At the heart of the exercise was a bottom-up multi-year loan-loss forecasting exercise carried out by BlackRock using Central Bank base and stress projections about GDP, house prices and other macroeconomic variables, and applying parameters estimated from emerging patterns of loan delinquency.
This was also for family reasons: it is well known his mother was originally from Geneva and, during his formative years, Cavour would look beyond the Alps, particularly at the political unrest 1/3  BIS central bankers' speeches  in France under Louis Philippe I and at British industry.