The Federal Reserve has been involved in a number of exercises to understand and document the riskmanagement lapses and shortcomings at major financial institutions, including those undertaken by the Senior Supervisors Group, the President's Working Group on Financial Markets, and the multinational Financial Stability Forum.
by holding – in aggregate terms – the same level of current account holdings with the central bank on each day of the reserve maintenance period. As a result, the ECB normally allots at the weekly main refinancing operations an amount of liquidity that is close to its “benchmark” estimate of the expected liquidity needs of the banking sector.