This work will be performed by a multidisciplinary group composed of our economic and market researchers, supervisors, market operations specialists, and other experts within the Federal Reserve System. Periodic scenario analysis will be used to enhance our understanding of the consequences of changes in the economic environment for both individual firms and for the broader system.
Let me now turn to some interesting and current outcomes and landmark achievements for the Kenyan economy, that will continue to enhance and consolidate our financial sector performance: First, the success of the Sovereign Bond debut for Kenya that was over-subscribed by over 500%. The government took $ billion against $ billion offered at an average interest rate of 6.6%.